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

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.

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

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Part-Time Entrepreneurs Need to Be Empowered

Part-Time Entrepreneurs Need to Be Empowered

According to Industry Canada, survival rates for small and medium-sized businesses decline over time. About 85 per cent of businesses that enter the marketplace survive for one full year yet only 51 per cent survive for five years.

Yet, with commitment and passion, many have successfully made the transition from part-time start-up to full-time career.

The Intuit survey found that about one third (35 per cent) of start-ups trying to go full-time would quit their jobs if they could pull in a mere $30,000 or less. Depending on your financial goals, taking your business full-time could be closer than you think.

Are you ready to make your dream a full-time career? Here are some tips to help you take it to the next level:

  1. Define a goal and build on it
  2. Continue to innovate
  3. Brush up on your financial literacy
  4. Make your network work for you
  5. Take advantage of free services

Share your thoughts about this by leaving comments below or feel free to send us a message.

Aspiring for a start-up?

Aspiring for a start-up? Here are golden rules of money management

Here are some golden rules to manage your financials when you wish to begin with your own start-up:

  1. Pre- startup phase
  2. Startup phase
  3. Post funding/exit

Here are some tips and tricks to go forward with:

  1. Take insurance
  2. Renting is better
  3. Go debt-free
  4. Fix the loan

Feel free to send us a messageor leave your comments below.