How the Chinese Spring Festival impact your supplier chain?
The world’s largest annual human migration is coming.
Yes, it is the Chinese Lunar New Year. It takes place in China and it falls on Lunar Chinese New Year.
Although the festival officially start February 5th, the epic homecoming party began 15 days earlier, and the migration lasts for almost one month, from 25th Jan to 20th Feb, or even longer.
Millions of Chinese workers will be heading to their hometowns for the holidays.
With major labor forces being away from production site, holding up the public transport network for nearly one month.
One thing is for certain:
Business activities in China will be paralyzed from 20th Jan to 20th Feb. And the impact Is far-reaching:
Capacity reduced,
Raw materials falling short,
Commodity price soaring,
Lead time postponed,
Shipping space fully booked
…
In one word, your supply chain will be disrupted, costing you extra on purchasing with eroded margins, and worse, driving your customers straight to the door of a competitor.
I CAN’T MAKE THAT HAPPEN. WHAT SHOULD I DO NOW?
Here is an activity reminder chat about the Spring Festival holiday.
Smart dealers have started making a strategic annual order plan upon this reminder so as to avoid an annoying supply chain disruption. What about you?
Just contact us now about your plan for the led lights.