Did you know that Chinese New Year 2023 is coming particularly early this year in January 2023? If you have suppliers in China, you need to be aware that this holiday period is likely to lead to a disruption in supply while their factories are closed down for weeks during the holiday. But the challenges don't end with just a shutdown, the time periods surrounding CNY also have certain risks as manufacturers start to slow down or fight to ramp production back up. Luckily there are actions … [Read more...]
Tips For Importers To Survive CNY 2022 [Podcast]
![Tips For Importers To Survive CNY 2022 [Podcast]](https://qualityinspection.org/wp-content/uploads/2021/11/TipsForImportersToSurviveCNY2022Podcast-1140x445.jpeg)
In this episode… Chinese New Year is a tricky time for importers. 2021 has seen the continuing pandemic, sea freight costs skyrocketing, and logistics systems crumbling. High material and component costs and chip shortages have added gas to the fire, too. So the last thing you need is to get stung by the annual CNY shutdown and the issues that go along with it, such as shoddy quality, disrupted supply, and disappearing suppliers, to name but a few. As CNY is approaching, Renaud gives some … [Read more...]
The Impact Of Chinese New Year On Importers & Tips To Prepare For CNY 2021 [Podcast]
The Phenomenon of Chinese New Year Chinese New Year, or Spring Festival, is an amazing time of year in China and several other Asian countries who also place a lot of importance on the lunar calendar (such as Vietnam, Taiwan, Japan, and others). In China, it is the greatest human migration with more than a billion people travelling around the country to visit family and friends and have a well-deserved break this February coming. China's fairly unique reliance on migrant labour, where … [Read more...]
Chinese New Year: how to manage the disruption?
My friend Brad Pritts was kind enough to share the advice he gives to importers who are not familiar with the Chinese New Year production planning. I reproduced it below. I think the "approach" paragraph is very useful and practical advice. We would love to get comments/suggestions from readers, if something is missing for example. Background The Chinese New Year holiday is a significant event which requires planning and a degree of inventory build-up. Nominally, the legal holiday is … [Read more...]