Chinese New Year 2024: Keep Your Supply Chain Agile with These Tips

Chinese New Year is about to usher in. It is the time of year for vibrant and high-spirited festivities. However, with the festivities around the corner, shippers have to be thoughtful of a few things if shipping out of China to avoid any disappointments concerning their payments, or documents. Preparing and planning can help to manage the supply chain operations during the peak time and minimise the effects of the Chinese New Year on your business. 

Here are the things to pay heed to; 

• Communicate your needs clearly and plan ahead of time. Keep the dates for Chinese New Year 2024 in mind to plan your shipments. 

• Pre-book containers or vessel space to prevent any disappointments. 

• If you want to order from a foreign supplier then do it as soon as possible. 

• Make the best of data for effective inventory management. Analysing past customer behaviour can help to plan your inventory. 

• Before the holidays are announced, request the suppliers to place the bookings with the agents/customs clearance. 

• In case any of your shipments are all set to arrive during the Chinese New Year Period then ensure that you have collected all the required documents before your suppliers go on break. 

If you have any other concerns hovering over your head then make sure you ask us. We will be happy to help you!