This explains why most suppliers are not back in business until two, sometimes even three, weeks after Chinese New Years’ Eve.
#Chinese new year 2022 plus
While the official holiday is only lasting for roughly 5 working days, plus two weekends, most workers remain in their home provinces for an extra week or two. Production is halted for at least two weeks after the Chinese New Years Eve As such, you can, at least, save some of the runways on sample development and contract negotiations, that may take place at this time.Ģ. However, administrative functions tend to be operational a week or two longer, than the production lines. Get confirmation on their schedule well in advance to prevent delayed orders. This partly explains why different companies close their doors on different dates. One component and materials subcontractor closing doors a few days earlier can essentially result in an unexpected and early shutdown of the supply chain. This is not always in your supplier’s direct control. While the Chinese New Year Eve is set on Tuesday, February 1st, 2022, all suppliers start to wind down operations one to two weeks in advance.Īs such, the CNY puts a halt to mass production, and even sample orders, far earlier than many buyers anticipate. Production is halted one or two weeks before the Chinese New Years Eve We can help you manufacture products in China, Vietnam & India? The supply chain is already slowed down by capacity shortages – and an increase in shipments before and after CNY can add to the delay. It’s plausible that the CNY disruptions will continue to some extent until April or May. I’d put orders on hold until they open in February.Įxpect longer shipment delays in spring 2022 As such, importers should think twice before paying factories before CNY. The freight cost nightmare might be the last straw for many, and I can’t blame them. We have no macro data and this may just be a coincidence – but it is reasonable that some suppliers have exhausted their finances and energy to continue operations after everything that’s happened since the trade war started in 2018 and later COVID disruptions.
We have also noted a minor increase in the number of suppliers closing down lately.
In 2022, that means the last week of January. This has been detrimental to small to medium-sized buyers – especially those that rely on sea freight.Īs is always the case, freight costs then increase the closer we get to the CNY shipping deadline, which occurs during the last few days before closure. The big story of the last 12 months has been that of extreme increases in shipping costs. One year later (2021), I cannot recall any disruption beyond what we’d normally expect around the Chinese New Year.Ģ022 is a bit different though. That said, the disruption turned out to be limited to an extra week or two beyond the standard CNY closure, and most factories were operational by March 2020. The first COVID-19 outbreak largely coincided with CNY 2020. How COVID-19 Impacts the Chinese New Year in 2022
Hence, the time to get products shipped in the window between Christmas and CNY is even shorter than in 2021. This is earlier than 2021, when the new year didn’t start until Feb 12th. The Chinese New Year (CNY) of 2022 starts on Tuesday, February 1st. Suggestion: Watch the 10 minutes video tutorial before reading this article
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