{"id":24136,"date":"2024-01-26T12:31:17","date_gmt":"2024-01-26T12:31:17","guid":{"rendered":"https:\/\/olicargo.com\/blog\/2024\/01\/chinese-new-year-is-coming\/"},"modified":"2024-01-26T18:26:09","modified_gmt":"2024-01-26T18:26:09","slug":"chinese-new-year-is-coming","status":"publish","type":"post","link":"https:\/\/olicargo.com\/en\/blog\/2024\/01\/chinese-new-year-is-coming\/","title":{"rendered":"Chinese New Year Is Coming!"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"252\" data-id=\"24130\" src=\"https:\/\/olicargo.com\/wp-content\/uploads\/2024\/01\/Blog-10-1024x252.webp\" alt=\"\" class=\"wp-image-24130\" srcset=\"https:\/\/olicargo.com\/wp-content\/uploads\/2024\/01\/Blog-10-1024x252.webp 1024w, https:\/\/olicargo.com\/wp-content\/uploads\/2024\/01\/Blog-10-300x74.webp 300w, https:\/\/olicargo.com\/wp-content\/uploads\/2024\/01\/Blog-10-768x189.webp 768w, https:\/\/olicargo.com\/wp-content\/uploads\/2024\/01\/Blog-10-jpg.webp 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n<p>Lunar New Year, or Spring Festival as it is also known, is one of the most important holidays in China. This year&#8217;s celebrations start on Friday 9th February and finish with the Lamp Festival on Saturday 24th February.<\/p>\n\n<p>This is a time of great logistical challenge. Production falls, operations are restricted, schedules are disrupted and transport is delayed, causing significant disruption to the supply chain.<\/p>\n\n<p>Would you like to have a more detailed look at the events of the season? And how does this affect the shipping of your goods? Take a look at this publication.<\/p>\n\n<p><strong>What happens in the days before and after Chinese New Year?<\/strong><\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>Early January &#8211;<\/strong> Factories start to slow down production.<\/li>\n\n\n\n<li><strong>18 January &#8211; 25 January<\/strong> &#8211; Companies stop producing and operating, and the rush to ship last-minute goods begins.<\/li>\n\n\n\n<li><strong>26 January &#8211; 9 February<\/strong> &#8211; People start going on holiday and ports have limited operational capacity.<\/li>\n\n\n\n<li><strong>10 February &#8211; 17 February<\/strong> &#8211; Chinese New Year.<\/li>\n\n\n\n<li><strong>By the End of February<\/strong> &#8211; People start to return to the factories and operations slowly return to normal.<\/li>\n<\/ul>\n\n<p><strong>NB<\/strong>: After the festive season, factories and port operations take 4 to 6 weeks to return to normal.<\/p>\n\n<p><strong>How will your shipments be affected by the Chinese New Year 2024?<\/strong><\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>Factory Closure Results in Interruption of Product Supply<\/strong><\/li>\n<\/ul>\n\n<p>Not only in China, but also in other East Asian countries, many factories are shutting down for a period of time ranging from two to four weeks. This pause in production affects the supply of goods to global markets.<\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>Reduced Responsiveness and Suspension of Operations<\/strong><\/li>\n<\/ul>\n\n<p>A significant proportion of the population goes on holiday during this period. As a result, there is a shortage of manpower in ports for more than two weeks, which limits the ability to carry out operations and response capacity.<\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>Increase in Transport Procurement Weeks Before<\/strong><\/li>\n<\/ul>\n\n<p>In the weeks leading up to the Chinese New Year, demand for transport increases, leading to equipment shortages and unavailability, transport delays and higher freight rates.<\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>Port Congestion During Peak Season<\/strong><\/li>\n<\/ul>\n\n<p>Increased traffic is causing congestion in ports, causing delays and directly affecting the movement of goods to and from factories and distribution centres to ports.<\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>Higher Costs and Transit Times<\/strong><\/li>\n<\/ul>\n\n<p>During this time, increasing demand and decreasing supply results in rising freight costs and additional surcharges. At the same time, document delivery and customs clearance processes tend to take longer.<\/p>\n\n<p><strong>Sources:<\/strong><\/p>\n\n<p>Maersk. (2024). Chinese New Year 2024: How to maximise supply chain and logistics efficiency. Consultado a 22 de janeiro de 2024, em: <a href=\"https:\/\/www.maersk.com\/logistics-explained\/seasonal-trends\/2023\/10\/02\/chinese-new-year-2024\">https:\/\/www.maersk.com\/logistics-explained\/seasonal-trends\/2023\/10\/02\/chinese-new-year-2024<\/a><\/p>\n\n<p>The Freight Course. (s.d.) The Effects of Chinese New Year (CNY) on Shipping. Consultado a 22 de janeiro de 2024, em: <a href=\"https:\/\/www.freightcourse.com\/chinese-new-year-effects-on-shipping\/\">https:\/\/www.freightcourse.com\/chinese-new-year-effects-on-shipping\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lunar New Year, or Spring Festival as it is also known, is one of the most important holidays in China. This year&#8217;s celebrations start on Friday 9th February and finish&#8230;<\/p>\n","protected":false},"author":6,"featured_media":24133,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-24136","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uncategorized"},"_links":{"self":[{"href":"https:\/\/olicargo.com\/en\/wp-json\/wp\/v2\/posts\/24136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olicargo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olicargo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olicargo.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/olicargo.com\/en\/wp-json\/wp\/v2\/comments?post=24136"}],"version-history":[{"count":1,"href":"https:\/\/olicargo.com\/en\/wp-json\/wp\/v2\/posts\/24136\/revisions"}],"predecessor-version":[{"id":24137,"href":"https:\/\/olicargo.com\/en\/wp-json\/wp\/v2\/posts\/24136\/revisions\/24137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/olicargo.com\/en\/wp-json\/wp\/v2\/media\/24133"}],"wp:attachment":[{"href":"https:\/\/olicargo.com\/en\/wp-json\/wp\/v2\/media?parent=24136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olicargo.com\/en\/wp-json\/wp\/v2\/categories?post=24136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olicargo.com\/en\/wp-json\/wp\/v2\/tags?post=24136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}