Chinese New Year, also called as Spring Festival and Lunar New Year, is the most important traditional festival in China. During this time, families of multi-generations will gather and enjoy a rare time of reunion. Although it is a seven-day national holiday, many people arrange their leave traveling in advance and often return to their hometowns even if they are far away.
When is the CNY in 2024?
Chinese New Year 2024 is the Year of the Dragon.
The official date for the Chinese New Year in 2024 is February 10th. The public holiday is a week-long, starting from February 10th to February 17th.
People will gather for a big New Year's Eve dinner on February 9th, and some will continue the celebrations till the Lantern Festival on February 24th.
The key dates of the 2024 Chinese New Year holiday:
2024 Chinese New Year's Eve: February 9, 2024
2024 Chinese New Year's Day: February 10, 2024
2024 Chinese Spring Lantern Festival: February 24, 2024
2024 Chinese New Year Holiday: February 10, 2024 - February 17, 2024
How will CNY affect the supply chain?
Chinese New Year is one of the major holiday seasons that would impact your supply chain by causing delays and increasing costs.
Here you can have a glimpse of the timeline of Chinese New Year 2024:
Slowed down production
Though the Chinese New Year celebration lasts only one week, the factories will typically close 2-4 full weeks ahead, which means the actual production is likely to stop in mid-January.
To meet the deadline before the holiday, factories usually ask the workers to speed up and rush to produce the products. As a result, the quality issues that come with rushing must be taken into account.
High shipping demand before the holiday
As companies worldwide try to get their goods out of China before the holiday, the major ports in China will expect a shipping peak.
The surge in demand will lead to a shortage of containers and vessels, which in turn will lead to increased shipping costs and processing time.
Delays in shipping
Due to the congestion in ports, a longer lead time and unexpected cancellations are possible.
Also, this year can be even more challenging due to the Red Sea crisis. Container carriers continue to re-route vessels utilizing the extended route around the Cape of Good Hope, this will increase the transit time even further.
The ways to minimize the risk of shipping delays:
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Ship in advance;
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Choose other alternatives of transport;
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Consider the ports with less congestion;
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Choosing multiple container types and carriers;
To be prepared
Plan and prepare in advance, track and improve your inventory, and stay in close communication with your suppliers, these are key to ensuring a smooth supply chain during the major holiday season of the year.
It is hard to control the movement of goods overseas sometimes, but a reliable and resourceful logistics partner will take care of these obstacles.
Our dedicated team in Asia will assist you to make sure the goods are loaded to containers in proper conditions.
Contact with us
For existing customers - if you have any questions or concerns about your shipment, please keep in touch with your contact in ColliCare.
For potential customers - if you need more information or any help, please feel free to CONTACT US.