| Pub. Date | : Sep, 2022 |
|---|---|
| Product Name | : The IUP Journal of Entrepreneurship Development |
| Product Type | : Article |
| Product Code | : IJED030922 |
| Author Name | : Pretheeba P and Vimalini N |
| Availability | : YES |
| Subject/Domain | : Management Journals |
| Download Format | : PDF Format |
| No. of Pages | : 09 |
ThiThe coronavirus pandemic interrupted the global supply chain and the economies all over the world. The World Health Organization (WHO) declared the Covid-19 outbreak as a pandemic, which has affected all powerful economies in the world (Plohl and Musil, 2021). The pandemic continues to create havoc across the world and countries have taken alternative measures to secure their economies, protect lives and limit its spread. To control the spread of Covid-19 and protect lives, many countries imposed a lockdown. As a consequence of this, worldwide trade fluctuated and local, international, small-scale and large-scale businesses and their functions collapsed. A large number of workers are under threat of losing their jobs as organizations are laying off employees (Acikgoz and Gunay, 2020).
Among the affected sectors, the apparel sector plays a prominent role. The garment sector employs more than 60 million workers around the globe. The world apparel market growth diminished by 1.9% due to Covid-19 and is one of the reasons for world economic slowdown (Dohale et al., 2021). In the context of developing nations, the apparel sector plays a significant role in terms of revenue generation and employment creation.