The Development of the Textile Industry in Bulgaria During the Pandemic Cover Image

Развитието на текстилната индустрия в България по време на пандемията
The Development of the Textile Industry in Bulgaria During the Pandemic

Author(s): Kalin Kiryakov
Subject(s): Economy, Business Economy / Management
Published by: Институт за знание, наука и иновации ЕООД
Keywords: textile industry; approach; strategy; implementation; development; implementation

Summary/Abstract: Many businesses closed or reduced their production after the world shut down due to the epidemic measures and requirements of the authorities and the rise of electricity that was released on the free market. This has caused many businesses to reduce production and cut jobs. Consumption is shrinking, which generates a shortage of raw materials for production. This causes the industry some of them to change their approach to stay in the market or rather to change the product which causes stress, this leads to the leader himself to set another strategy and look for other markets that allow him to be so stable again the market is so competitive. Many of the enterprises changed the production completely, which kept them on the market or found new customers to help with the realization of the production.

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