how the chinese new year affected the business northern chinese new year food

People performing Chinese dragon lion dance during the lunar new year celebration. getty As Chinese suppliers shut down for 10-15 days companies need to plan far in advance on inventory needs. The Chinese New Year holiday lasts for 15 days, and each day has its unique traditions. How does Chinese New Year affect the economy? As the most important holiday in the Chinese calendar, Chinese New Year is a time for family reunions, gift-giving, and feasting. But it’s also a time when the economy slows down. If your business relies on suppliers in China and you’re not preparing for Chinese New Year (CNY) 2025, you could be in for a costly surprise. Unlike holidays in Western countries, where businesses may close for a day or two, CNY brings factory operations, supplier communication, and shipping logistics to a near standstill for weeks. Chinese New Year is one of the most significant Chinese celebrations and creates the biggest annual mass migration in the world. As a result, CNY is a ferocious disruptor of the Chinese and global Here are the 7 most useful tips to ensure that you are well prepared for the Chinese New Year period and that will help you plan your shipments accordingly. 1. Understand Your Supply Chain. It’s important that you fully understand the supply chain constraints of your business during Chinese New Year. Other than the cultural and spiritual meaning the festival bestows to Chinese people, the 15-day long holiday (beginning with Chinese New Year’s Eve to the Chinese Lantern Festival) has a tremendous impact on the global supply chain, largely due to the uncertainty created by surging demand, decreasing manufacturing capacity, and the logistics The Chinese New Year, known as Lunar New Year, is a big holiday that is celebrated in many countries and territories in East Asia and Southeast Asia: China, Hong Kong, Malaysia, Philippines, Indonesia, South Korea, Singapore, Taiwan, and Vietnam. Key dates of Chinese New Year 2024 include: Chinese New Year's Eve: February 9, 2024 Chinese New Year creates a massive shift in capacity concerning logistics operations, and these disruptions affect many industries worldwide. Shipping volumes drop off significantly during the holiday, leading to congestion at the start and end of the holiday that impacts the ports and creates delays in both imports and exports. Chinese New Year Factory Shutdown: 5 Things You Need to Know. With so many people traveling for Chinese New Year and the lengthy factory closures, there are certain things you need to understand if you want to properly manage your inventory and maintain your expected level of quality. #1 It Takes Factories at Least a Month to Ramp Back Up after CNY The exact timing of Chinese New Year is different each year, but mostly the celebrations will fall between January 21 st and February 20 th. The festivities usually last up to 15 days but due to preparations the New Year can affect businesses for several weeks. Bidding farewell to the mythical Dragon, the world welcomes the Year of the Snake on January 29 — the first day of the Lunar New Year. For those who celebrate this ancient festival, starting the When you source your products from China, you will ultimately be affected by the Chinese New Year. The majority of China’s business will be shut down during the celebration. If your dropshipping business relies heavily on Chinese suppliers, you’ll need to prepare yourself for the potential complications you and your customers may face. Big businesses begin operations from the 3rd day but many Chinese-owned businesses will likely to be closed longer as this is their only break for the year. Read more to find out how Chinese New Year affect your business. Effects of Chinese New Year On Your Business 1. Fluctuating Stock Markets The New Year itself is a seven-day public holiday and on the eve of the new year, Chinese families traditionally celebrate with a massive reunion dinner - the most important meal of the year. This year, the CNY festival starts on Saturday, January 25th and goes until February 8th - about 15 days in total. Here is everything you need to know about the Lunar New Year 2025 and how to keep your supply chain running smoothly during this period. Note: We’ll use the terms Chinese New Year and Lunar New Year interchangeably. When is Chinese New Year 2025? The Chinese New Year begins on 29 January, ushering in the ‘Year of the Snake’. This marks By Maggie Hiufu Wong, CNN (CNN) — Bidding farewell to the mythical Dragon, the world welcomes the Year of the Snake on January 29 — the first day of the Lunar New Year. For those who celebrate Oh, to have good money luck! Curious as to how your financial situation could go in the 2025 Year of the Wood Snake?. According to feng shui expert and astrologer Jean Chua, the coming year will be most favorable for four animal signs in terms of finances—Monkey, Horse, Rooster, and Rabbit—as they have the wealth and money star by their side. 2. Shipping Delays. Shipping carriers, including those handling international shipments, may also experience delays during Chinese New Year.Even if suppliers continue to ship products during the holiday period, freight carriers are often overwhelmed by the volume of orders before and after the holiday. How Will The Chinese New Year Affect Your Business? The Chinese New Year shutdown mainly affects dropshipping and businesses that mainly source products from China. To be fully prepared, it is important to understand what the Chinese New Year shutdowns are and how they may affect your business through supply chains. Product Supply Shortages The link between Chinese New Year and your business Ah, Chinese New Year. The holiday that is observed by almost a quarter of the world's population. However, if you're part of the other 75%, the festivities would most probably go by without you noticing. Businesses that rely on import and export, to and from China

how the chinese new year affected the business northern chinese new year food
Rating 5 stars - 1019 reviews




Blog

Articles and news, personal stories, interviews with experts.

Video