The 2021 Chinese Lunar New Year, scheduled from February 11 to 17, poses significant logistical challenges, with the potential to disrupt supply chains worldwide.
Historically, this period leads to extensive shutdowns in several key markets across Asia, affecting all levels of the supply chain. This year, the stakes are particularly high due to compounded challenges such as container imbalances, inconsistent sailing schedules, rolled bookings, and the pervasive impact of the Covid-19 pandemic. It is more imperative than ever that companies plan their logistics with precision and foresight.
Global Logistical Connections emphasizes the importance of proactive communication and detailed coordination with all supply chain stakeholders, particularly in regions such as China, Hong Kong, Taiwan, Indonesia, Malaysia, North Korea, Singapore, South Korea, and Vietnam. Understanding supplier production schedules, confirming booking and space availability, and securing loading and sailing schedules are crucial steps in mitigating potential disruptions.
GLC advises clients to leverage its extensive network and local expertise to facilitate these interactions. Our on-ground presence and strategic partnerships in these key Asian markets enable us to provide real-time updates and hands-on support, ensuring that our clients can navigate the complexities of the Lunar New Year shutdown smoothly. By coordinating effectively before the holiday period, businesses can adjust their operations to maintain steady supply chain movement, avoid unexpected delays, and optimize their logistics strategies during this challenging time.
by Mark Bongean | Last edited 1.27.2021