Here's how to manage fast-paced logistics before the Chinese New Year
The Chinese New Year’s impact on the operations of China-based businesses has consequences for logistics worldwide. Work holidays that result in pauses in business operations make early planning and supply chain prep a must.
Another holiday season for Chinese communities is just around the corner, but we’re sure your business has planned in advance. Either way, we’ve listed our top tips below if you need them, and it won’t hurt to keep them in mind for next year anyway.
Check supply sources
Factories go through operations slowdowns in early January. If you’re planning a big, time-sensitive purchase, communicate your needs to your suppliers several months in advance. Furthermore, it's not only China that slows down before the Chinese New Year. Several other countries in East Asia celebrate it, too, so be sure to take that into consideration.
Do an inventory
Which of your business’ products sell like hotcakes during the first months of the year? Stock up on them early and try to beat the holiday rush, which is the window between the Christmas season and the Chinese New Year. A demand forecast is especially helpful for this, so be sure to set up one if you haven’t already.
Communicate with your logistics partner
Logistics companies deal with an increase in demand around and during the holiday season. This is especially true if they service numerous clients. Relay your needs to your partner early, so they can reserve equipment (if needed) in advance, book shipments before slots are sold out, and organize their deliveries to fit your schedule.