go to Website
Mediaroom Customers Journalists
Watchlist (0)
back
brexit

Lunar New Year 2024 – Key dates and impact on logistics

The Lunar New Year for the beginning of the "Year of the Dragon" takes place on 10 February 2024 and is the biggest festival in Chinese communities where people celebrate the start of a new year with their families.

During the festive season, most shops and factories in mainland China will be closed and production will be paused. We would like to inform you about the most important dates on which our branches will be closed and the possible impact on your business.

The impact of the Lunar New Year on logistics and how to minimize it:

  • Chinese suppliers start to wind down operations one to two weeks in advance of the public holiday. Even though the official holiday only lasts for a week, most factories close for an entire month and some even longer.
  • While businesses are closed and there are minimal production from mainland China, carriers will deploy less capacity to and from mainland China.
  • Holiday impact is about two months. Therefore, companies that are dependent upon Chinese or Asian suppliers are likely to stock up inventories, this leads to a pre-holiday cargo rush, and it will also take some time after the festival to normalize the market conditions.

While we do our best to minimise potential disruptions in your supply chain, you can also help us by keeping the following in mind:

  • Communicate with your suppliers and customers to make arrangements for sufficient stock and manage expectations
  • Discuss your planning with us and prepare an accurate shipment forecast for long-term planning, so we can offer you the most suitable solution that fits your budget and schedule
  • Place your booking earlier and pay attention to the cut-off dates.
    • For sea freight, it is recommended to book 4-6 weeks before the start of holiday
    • For air freight, it is recommended to book 1-2 weeks before the start of holiday

Timetable for the closure of Asian branches on public holidays

In addition to mainland China, other regions in the Asia-Pacific region also celebrate the festival. Please note the following public holidays on which DACHSER branches are closed:

  • Mainland China - February 9 - 17
  • Hong Kong - February 10 - 13
  • Taiwan - February 8 - 14
  • Indonesia – February 9-10
  • Korea - February 9 - 12
  • Malaysia - February 10 - 12
  • Singapore - February 10 - 12
  • Vietnam - February 8 - 14

If you have suppliers or production lines in China or APAC countries, please get in touch with us to work out an operational logistics plan and together we can create a solid forecast for the New Year period and beyond.

We at DACHSER will do our best to ensure the flow of goods before, during and after the New Year.

If you have any questions on this topic, please get in touch with your contact person at your local DACHSER branch.

DACHSER worldwide
Contact us
Bookmark article
Share article
Contact Corporate Marketing
online.promotions@dachser.com

You might also be interested in

06/03/2022
DACHSER renews CEIV Pharma certification

At the end of May, DACHSER’s airport locations Hyderabad and Mumbai renewed their certification for the transport of life science and healthcare products. The certification is granted by IATA’s Center of Excellence for Independent Validators in Pharmaceutical Logistics (CEIV Pharma).

Read
2
12/19/2023
When less is more

To ensure its in-demand sensor technology reaches dynamic markets reliably, the technology company ifm electronic relies on flexible, globe-spanning supply chains—including the “groupage network of the seas,” with partial loads from several senders in one container.

Read
01/14/2021
Chinese New Year: Impact on logistics

In 2021, Chinese New Year falls on February 12, it is the biggest festival in China where people celebrate the beginning of a new year with their families. The week-long national public holiday has consequences on global supply chains. 

The following information provides an overview of some key facts of the festival and its possible impacts on logistics.

Dates and key facts

  • February 12, 2021 marks the start of the Chinese New Year (the year of Ox).
  • Chinese national holiday begins on February 11 and ends on February 17, meaning that most of the businesses, including DACHSER branches in China, will be closed and resumes on February 18.
  • Factories and manufacturing sites used to be closed for a longer period of time. Production might pause already one week before Chinese New Year, some factories will only resume one month after.
  • The long holiday allows workers in the city to travel back to their hometown for a family reunion, though it might not be the case this year due to the pandemic.

Impact on supply chain

  • Extensive holidays in China can lead to delays to your shipments for up to one month.
  • Due to the abovementioned closing period of manufacturing industries, there will be no productions from China for at least a week. Even though factories will be restarting gradually, operations will not resume to full swing immediately.
  • Productions from other countries in Asia will also be impacted as some parts might come from China or the assembling processes are done there.
  • Most shippers will stock up inventories that are sufficient to cover the Chinese New Year period, this leads to a pre-holiday cargo rush; it will also take some time after the festival to normalize the market conditions.

To avoid unnecessary price hikes and delays, it is strongly recommended to place bookings well in advance. At DACHSER, our logistics experts can help you to plan together. Feel free to discuss with us about your needs and we can work out the best to maintain your supply chain uninterrupted throughout the Chinese New Year.

Read
06/13/2017
The whole nine yards

Thirty destination countries, formidable products such as 12 ton weaving machines and their spare parts, and a single point of contact to coordinate it all: this is the supply chain story of Lindauer DORNIER GmbH and DACHSER.

Read