A Kind reminder
The world's largest annual human migration is around the corner
"Well, sounds interesting. Where and When?"
You might ask.
Those engaged in constant business activities in China are probably smirking now.
Yes, they know the answer
It takes place in China and it falls on Lunar Chinese New Year
Although the festival doesn't officially start until February 5th,
the Epic homecoming party began 15 days earlier.
The migration lasts for 30 days --- from 5th Jan. to 5th Feb. this year
Millions of Chinese workers will be heading to their hometowns for the holidays.
Now those smart overseas dealers' nerves are on edge:
With major labor forces being away from the production site, holding up the public transport network for the nearly one month.
One thing is for certain:
Business activities in China will be paralyzed throughout February.
The impact is far-reaching:
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.
"So there is no wonders we can do?"
"Well, YES and NO."
"No, if you continue with a slow move and operate your purchasing on a very compressed calendar.
"And, YES if you start to take action immediately and put forward your sourcing plan on a predictable timeline"
Below is our Chinese New Year schedule for production
Office off: 20th Jan.- 18th Feb.
Production resumes on 18th Feb.Date of order confirmedShipmentYour products time to marketExtra costBefore 1st Jan.15th Jan.25th Feb.NonAfter 1st Jan.after 2th Mar.after 15th April3-5% higher
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?