Chinese New Year: Prepare your business for this opportunity
Those who work in the area of foreign trade know that taking advantage of opportunities often means being aware of commemorative dates and holidays, so it is essential that the Chinese New Year is in the planning of your business.
But, after all, do you know what this means? Well, objectively speaking, whenever we talk about Chinese New Year we are referring to the date of celebration of the New Year adopted by several Eastern nations that follow a traditional calendar different from the Western one, popularly known as the Chinese calendar.
As such, the Chinese New Year is one of the most important holidays in the country and is celebrated on different dates each year, since this calendar is lunisolar, that is, based on the phases of the moon and the position of the sun.
In 2022, the celebration will take place from January 31st to February 6th. During this period, the country will halt production, sales, and logistics, returning to activity only on February 7.
Understanding this date, as well as having the knowledge of when it occurs, among other relevant information, is fundamental for your company, since the Chinese are Brazil's biggest trade partner, both in relation to imports and exports.
Therefore, for an impeccable purchase planning and order logistics it is necessary to know and master the downtimes in this country. This is because the Chinese New Year is the holiday that most affects international logistics.
Did you know, for example, that on this holiday the whole country stops? In other words, this means a week of shutdown of factories and ports in China. Therefore, it is essential to plan ahead in order to receive your imports before this period.
Impacts of the Chinese New Year on International Trade
The Chinese New Year impacts international trade differently, since the amount of products that circulate between China and the rest of the countries is enormous. Inputs, machinery, and several other items that most Brazilian companies need and use come from China, for example. And when they are not organized and fail to include the Chinese New Year calendar in their annual planning, these deliveries can suffer delays, causing higher expenses and a series of inconveniences.
This is because for goods to arrive in Brazil it is necessary to take into account some factors and processes such as the production time of the goods and the customs clearance procedures, and obviously, the transition time of the maritime operation that comes from China and usually lasts about 40 days.
Therefore, if your company maintains relations with the Chinese and fits the profile we mentioned above, it is of utmost importance that you are fully aware of how much the Chinese New Year affects operations, making them more complex.
Among some points that require more attention are:
- Increased product shipments in the period leading up to these dates;
- High freight prices due to high demand;
- Collapse in air, land and sea transportation systems.
It is worth noting that even with trains and flights operating at full capacity on these dates, a significant part of the capacity of these transports is used by passengers who organize themselves to visit their families and celebrate the Chinese New Year with them. Therefore, the result is less space for the movement of commercial cargo within China.
In addition, many companies halt their production for 30 days so that their employees can enjoy the Chinese New Year holiday and have time to return to their activities calmly.
Chinese New Year: Holidays planned for 2022
In China, unlike in most Western countries, some holidays, such as major holidays, are not celebrated on a single day. They can last for approximately three to seven consecutive days, and the dates vary each year according to the lunar calendar.
Here are some predicted ones:
- January 1, 2022: Celebration of the Gregorian or Yuandan New Year;
- January 31 - February 6, 2022: Chinese New Year;
- April 4, 2022: Qingming Festival. The date is the 4th, but includes a major national holiday that runs from April 3rd to 5th;
- May 1st: Labor Day. In 2022, a three-day "collective vacation" is expected during this period;
- June 3, 2022: Dragon Boat Festival;
- September 10: Mid-Autumn Festival or Moon Festival, which will have a national holiday from the 9th to the 11th of this month;
- October 1: China's National Day. It is the most important festival after the Chinese New Year and usually lasts at least a week: it is the "Golden Week".
Prepare your company for the Chinese New Year
The best way to prepare your business for the Chinese New Year is to invest in sound planning. And if you have no idea how to start, an excellent choice and investment is to count on a specialized company that can help you.
This is fundamental since this partnership will not only help you in terms of support and diversified services, but especially in maximizing your chances of understanding the Chinese scenario, thus avoiding basic slip-ups that could hinder your transactions in the future.
And whoever says that the Chinese New Year can limit your business is because they don't know ShipSmart 's solutions yet . Here your shipments cross borders
through an intelligent and innovative system. What's more, we take care of everything and follow the processes from end to end.
Visit our site and contact one of our specialists.