This study focuses on the analysis of the business continuity plan and financial performance of the selected textile businesses in CALABARZON. The findings reveal that the assessment of respondents on the business continuity plan in terms of prevention, preparedness, response, and recovery is at a very great extent. However, the financial performance of the companies in terms of profitability, liquidity, and solvency is greatly affected by the pandemic crisis. In terms of liquidity, half of the companies have a very good current ratio score in 2020 and 2021, but the majority of the companies have terrible scores for the debt to asset ratio (DAR) and debt to equity ratio (DER) in the last three years (2019-2021). Furthermore, there is no significant relationship between the respondents assessment on the business continuity plan and the financial performance of the selected textile industry, except for the response in terms of debt to asset ratio for the years 2019 to 2021. The study also identifies the strengths and weaknesses of the textile industry, where the industrys adaptability is its strength, while the production weaknesses lead to a reduction in sales and revenues. The proposed multi-usable framework focuses on the businesss entirety and ensuring that critical services and functions provided by the business will still be performed, both if threatened by disruption as well as after the threat has subsided. Finally, the study concludes that the pandemic has affected businesses in various ways, and they need to adapt to control their operations, proactively manage resources, make informed decisions, and use technology effectively to manage change.

Business Continuity

textile industry

Multi-Usable Framework