2022: THE YEAR OF THE TIGER
The biggest holiday in China, Chinese New Year (CNY) is a huge celebration across Asia.
CNY marks the start of the new lunar year and this year is the year of the Tiger. Known as the king of beasts in China, the Tiger is a symbol of strength, overcoming evil and bravery. It starts on 1 February, with the celebrations lasting until 15 February, the Lantern Festival.
HOW DOES THIS AFFECT IMPORTERS & EXPORTERS?
During CNY, ALL factories (and many other services and offices) in China close for the week-long public holiday, with some closing earlier and later. As a result, workers often take additional holiday before and after. This means production levels are significantly reduced and supply chains can grind to a halt.
If you trade with China, either importing or exporting materials and goods, you should be aware that shipping schedules during this period are drastically reduced, meaning space is limited and rates go up.
On top of CNY, there is ongoing Covid disruption, especially in recent weeks where some regions in China are experiencing increased measures including airport closures and lockdowns. As well as this, the Beijing Winter Olympics is running 4-20 February.
KEY DATES
Other countries that celebrate Chinese New Year include Indonesia, Malaysia, North Korea, Singapore, South Korea, Vietnam, and Brunei but disruption in these counties is not as severe.
HOW CAN WE HELP?
- Plan ahead – act now and speak to a member of our team today to understand what options are available in the upcoming weeks
- Robust & flexible network – despite closures in China, our network of suppliers means we have flexibility to offer solutions, and we can support you throughout the holiday
- Solutions-based approach – our dedicated Account Managers can always find a way to move your goods, and we can explore multiple options for you to find the best solution to meet your needs.
GET IN TOUCH
Speak to a member of the team by calling us on 0115 975 0400 or simply fill out the form below: