Lunar New Year festivities, which are observed throughout Asia and in communities around the world, temporarily halt production and cause delays in shipping throughout Asia, Europe, and North America. Additionally, an earlier Lunar New Year presents difficulties for shippers because, for instance, truckers and other freight workers will likely take time off earlier than usual, which will affect various stages in the supply chain. It is vital to understand the impact of the Lunar New Year on your supply chain.
How long does Lunar New Year Impact shipping?
Here’s what the period of Lunar New Year looks like in 2023:
|December 2022||Factory production begins to dwindle|
|January 1-6, 2023||Factories stop manufacturing; peak export rush at major Chinese ports to ship out goods|
|January 6-21, 2023||Workers begin to leave for the holidays; ports have limited operational capacity|
|January 22-27, 2023||Lunar New Year holiday week|
|February 6, 2023||Workers start returning to factories and ports*|
* The period needed for operations to return to normal levels is between one to two weeks.
The Impact on shipping
China is a significant international hub for imports and exports, particularly ocean freight shipping. Slowdowns in China consequently have an impact on the worldwide supply chain network.
Ports, manufacturers, and shipping industries all reduce, and some completely stop, operations during the new year festivities. Supply chain interruptions result from this:
- Increased shipment volumes ahead of the festivities
- Higher prices because of capacity restrictions
- lack of container availability
- A shortage of workers, which causes delivery delays and reduced customer service availability
Ensure Your Goods Stay in Stock Beyond Lunar New Year
Don’t count on freight operations to resume as soon as the Lunar New Year festivities are over. Shipments may be impacted by the potential blank sailings around the holiday for an additional three to four weeks after February 6, 2023.
How Aver eases the stress for supply chains during Chinese New Year 2023
Visibility throughout your journey
When you complete all your planning with Aver, you have 24-hour access to your cargo through our tracking site, which makes it unnecessary for you to work with numerous external providers to manage your supply chain. You won’t have to spend time and money juggling a tonne of paperwork during a stressful logistics period.
Intermodal transportation provides you with alternative routes
Aver enables you to seamlessly transition your cargo from ocean to land. Our FCL service provides you with the flexibility to go from shipments to trucks without having to deal with multiple vendors. This is particularly important during festive periods like Chinese New Year, as factory closures and production slowdowns could cause unwanted delays.