CHINESE NEW YEAR 2021: LOGISTICS CHECKLIST FOR YEAR OF THE OX
I NTRODUCTION: When speaking about global production and transport volumes, specific events tend to cause an upsurge in demand and create a peak season for delivery and operations. As a result, for the duration of the lunar New Year, a holiday celebrated by thousands and thousands of people particularly in China and Southeast Asia, mainly in Thailand, Malaysia, Singapore, and Indonesia, worldwide demand surges. For logistics businesses and individuals that depend upon them, the lunar New Year can mean tremendous delays to shipments that could negatively affect the supply chain. HOW DOES IT AFFECT BUSINESSES? DELAYS IN TRANSPORT AND RISING FREIGHT COSTS Chinese New Year starts on February 12, 2021, and ends on February 26, 2021. This holiday period leads to an abrupt shutdown of all production for almost a month: Production is halted one or two weeks before and after the Chinese New Year’s Eve. Closed factories along with the unavailability of staff to work on orders can hav