The Chinese New Year is just around the corner, and this, along with other factors, is contributing to continuing high rates and capacity bottle necks.
You can avoid delivery problems at this time by putting your trust in Quick Cargo Service. Through our longstanding contacts with established airlines and agents in China, we can offer you stable rates for imports from and exports to China, even in this challenging period just before the Chinese New Year.
Quick Cargo Service offers you reliable import and export services for goods to and from China
“Currently there is a lot of freight to China in the market. We have planned ahead by booking additional space in advance. Freight rates to China remain high because of the high demand. Where necessary we can draw on our allocations to offer our customers correspondingly good airfreight rates to China”, says Quick Cargo Service boss, Stephan Haltmayer, in view of the current situation for freight to Asia. says Quick Cargo Service boss Stephan Haltmayer about the current freight situation to Asia.
Chinese New Year facts and figures
- The Chinese New Year festival begins on the 12th of February 2021 (The Year of the Ox).
- The Chinese national holiday begins on the 11th of February and ends on the 17th of February, which means that most businesses are closed until the 18th of February.
- Factories and production plants generally remain closed for longer. Production may be halted up to a week before the start of the Chinese New Year festival. Some factories will first re open up to a month later.
- The long holidays allow city workers time to travel back to their hometowns and to visit their families (although this year, because of the pandemic, this may be more limited than usual).
Effects on the supply chain
- Because of the period of factory closures mentioned above, for at least a week there will be no new production from China. Even when the factories gradually resume operations, they will not be operating at full capacity immediately.
- Production from other Asian countries will also be affected, as some parts may come from China or the assembly process may take place there.
- Most shippers will stock up in advance for the period of the Chinese New Year, which leads to a rush on freight before the holiday period. Even after the holidays, it will take a while for market conditions to return to normal.
Skeleton crews in some factories
Normally production comes to a complete stop during the Chinese New Year. However, this year some factories are remaining open during the holiday period with a skeleton crew, in order to allow production to continue.
To avoid unnecessary price rises and delays, we recommend early booking. Our logistics experts will help you with planning. Talk to us about your needs, so that we can find the best solution for you, in order to keep your supply chain uninterrupted during the Chinese New Year