Track: COVID-19 Analytics Competition

Abstract

Abstract

At the end of the year 2019, the world has been faced with New Coronavirus Pandemic, and it affected people’s lives, the environment, the economy, and businesses in different sectors. During the pandemic, many sectors and businesses tried to mitigate the negative effects of the pandemic and tried to turn crises into opportunities. The textile sector -which has a big share in Turkey’s economy in terms of export and production volume- was affected during the pandemic. This study aims to analyze the economic impacts of the New Coronavirus Pandemic and yearly based comparison analyses on the textile sector in Bursa, Turkey. Two questionnaires containing twenty-four questions were applied to 241 textile companies in Bursa. Data were analyzed with SPSS (Statistical Package for Social Sciences) 25.0 software. Analysis results showed that most of the participants have negative opinions in terms of the economy, and they have economic worries post-COVID-19. Tested hypotheses also showed the meaningful differences between operation year, legal status, the market of businesses, and the monthly turnover of companies and how they were affected by COVID-19. Internationally serving and operating for many years, corporations or limited companies have an advantage and less negative opinion. Study results also pointed out increased lead time of raw material and delivery time in 2021 compared to 2019.

Keywords

Coronavirus, Questionnaire, Supply Chain, Textile Sector