Chinese New Year 2022

China is an economic giant in the global exporting industry, the effects of CNY can ripple around the world, especially for retailers and anyone else who relies on imports from China.Therefore, understanding the Chinese New Year is beneficial to importers or those who want to be importers to do better with Chinese foreign trade companies and factories.

Chinese New Year 2022 falls on Tuesday, February 1st, 2022, and celebrations culminate with the Lantern Festival on February 15th, 2022. Celebrations last up to 16 days, but only the first 7 days are considered a public holiday (January 31st–February 6th, 2022)

If you outsource any product from China, you’re probably familiar with Chinese New Year, also known as CNY. Perhaps your supply chain has even experienced CNY before. If so, you know that Chinese New Year is in a class by itself when it comes to preparing for production and shipping disruptions

Typically, Chinese offices and factories close for about three working weeks, allowing workers time to travel back home to spend the holiday with their families. What can you do to keep your supply chain running smoothly when one of the world’s largest exporters shuts down for nearly a month?

Firstly you should understand what happens during CNY why they take so long on vacation? Additionally you should increase your inventory beforehand.If you’re able to forecast how much product you’ll need for the first 3 to 4 months of the next year, you’ll have a leg up on ensuring your company has enough stock on hand to last you through CNY.Then you should plan for AFTER Chinese New Year.You need to make a purchase plan for the new year. After investigating the market in your country, you can find a Chinese foreign trade company in advance to get a quotation for what you want to purchase.

Finally, start planning early.It’s never too early to start planning for China’s biggest holiday. The earlier you begin, the better your supply chain will be.