Tag Archives: Chinese New Year

Chinese New Year: Tips to Keep Your Supply Chain Efficient!

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Chinese New Year

Chinese New Year: Tips to Keep Your Supply Chain Efficient!

Chinese New Year is just around the corner, and more and more freight companies are working on how to sustain productivity and efficiency.

For small businesses that are new to experiencing this holiday, during Chinese New Year, some China-based companies are temporarily shutting down their activities to celebrate and administer different superstitions to have a healthy and prosperous New Year.

And this is also the time of year where freight demands shoot up, prices increase, and containers easily become full making it expensive and difficult to import.

In this infographic, we will discuss different tips on how your supply chain can keep up this Chinese New Year. Here are a few considerations that you can apply:

Confirm your Supplier’s Schedule

Making sure that you verify on your supplier’s schedule which days they would not be operating makes you also adjust the timing of your operations. Being mindful and alert with your suppliers especially in places where different holidays are celebrated gives you time to maneuver and interact smoothly with your supply chain.

Place your Orders in Advance

As mentioned earlier, consulting your suppliers beforehand with their schedules can help you adjust to their absence, and this also applies to the flow of your orders. Placing your orders in advance won’t only help you avoid delays, it will also help you manage your expenses and find space for your shipments.

Collaborate with a Trusted Local Freight Forwarder

As your company grows, more and more reliable freight partners are merging to aid your supply chain dilemma and goals. In times where different holidays are celebrated, it is essential to find help with local freight forwarders to help you cope up with your scheduled deliveries.

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It’s 2015, Are You Ready for the Chinese New Year?

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It’s 2015, Are You Ready for the Chinese New Year?

According to the Chinese zodiac calendar, 2015 is the year of either the Goat, Sheep or Horned-Animal (i.e., Ram). You may designate either animal, as you think best.

But whichever one you choose, Chinese New Year (CNY) is nearly around the corner, and transpacific shippers must once again prepare themselves for the inevitable annual impact it will have on their supply chain operations.

Chinese New Year or Spring Festival is the biggest holiday of the year in China. This year, the Chinese New Year begins on February 19, and most Chinese will have eight days or more of vacation, commonly referred to as Golden Week.

Because this traditional holiday brings families together to celebrate the New Year, it is common for many companies to extend their shutdown periods prior to and after CNY to allow employees to travel home to celebrate with family.

Customary activities include fireworks, red decorations, the New Year’s Dinner and an exchange of red monetary envelopes. But the planning for CNY goes beyond these traditional celebrations as transpacific shippers have come to grasp the real effects of the extended holiday period. Let’s examine some things to consider:

  1. Take the opportunity to communicate your production deadlines early in order to avoid potential delays.
  2. The increase in inventory and the pressure to get those goods underway prior to the CNY shutdown can create a backlog of goods awaiting export from Chinese ports.
  3. Some factories may also not experience a 100-percent return of their workers until after the holiday – further extending the time to return to full capacity.
  4. Shipments should arrive at the ports no later than 10 days prior to the CNY in order to ship before the holiday.
  5. It is particularly wise to book shipments two weeks in advance to ensure space on vessels.

What do you think about this topic? Share with us in the comment box.

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