The most important of the Chinese holidays, the Chinese New Year, is soon to arrive. The celebrations traditionally last for 16 days and will be starting from January 21st until February 5th, 2023.
2023 will be the year of the Rabbit as we transition from the year of the Tiger. According to the Chinese zodiac, the sign of Rabbit is a symbol of longevity, peace, and prosperity, and 2023 is predicted to be a year of hope. People born in a year of the Rabbit are believed to be vigilant, witty, quick-minded, and ingenious.
The holiday has big impact on global supply chains originating in China. As usual, we expect to see some difficulties and low efficiency on local service due to shortage of labor, trucking, warehouse, stevedores, etc.
As vendors and suppliers will stop their service gradually before the holidays, the rush put increased stress on the supply chain, that may cause congestion and capacity issues.
Thus, we recommend making all necessary preparations ahead of time. Please be aware to plan and book your shipments in advance to avoid delays and increased freight costs.