To all our Valued Customers
It is important to note that Chinese New Year (CNY) falls early this year!
Remembering that this year the holiday period is the 24th to the 30th January so no doubt this will catch out a lot of unwary importers and shippers in 2020.
We thought it prudent to provide these Chinese New Year shipping tips as they will reduce the chances of container offloads and delays in 2020.
As we know Chinese New Year is the most important holiday in China, with hundreds of millions travelling to see their families during the festival.
Over 2.5 billion journeys, make it the world’s biggest annual human migration.
Factories and offices close for the extended holiday, so it’s important to plan your supply chain for the impact
All shipping lines will be overbooked in January so expect delays and as always, we suggest all importers add an additional 7 days to the into store date.
All Customers, what you should do before Chinese New Year
Purchase order progress
Impact on freight rates
In December and January, we normally see all shipping lines passing on increased freight rates due to higher demand. This normally keeps building through January leading into start of the holiday period.
After the holiday period we tend to see a fall in freight rates due to reduced demand although the shipping lines tend to try and counter this by introducing blank sailings which reduce capacity and reduce rate reductions.
Container Space and China Trucking
Before CNY, space will be tight due to the high demand.
All customers should communicate with their factories and insist on earlier container bookings as this will also assist with container planning and loading.
You should also expect trucking shortages in China due to the high demand the weeks before the holiday. Many drivers start the holiday days earlier for home leave, which further reduces capacity and increases rates, so it’s important to plan timely.
Shipping Tips for Chinese New Year
If you have any questions, please contact your assigned Customer Solutions Representative for assistance.
We thank you for your support and look forward to working with you in 2020.
Keeping you updated
BRi Customer Solutions Team
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