30.01.2021 | SEASON GREETINGS – CHINESE NEW YEAR 2021

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Chinese New Year, also known as the Lunar New Year or the Spring Festival, is the most important of the traditional Chinese holidays. The public holiday of the Chinese New Year starts February 11, 2021, and lasts until February 26, 2021. As usual, the holiday has a big impact on global supply chains originating in China. We are usually seeing difficulties and low efficiency on local service mainly due to shortage of labor, trucking, warehouse, stevedores, etc.

Vendors and suppliers will stop service gradually before the holidays. The rush, both before and after the Chinese New Year, puts increased stress on the supply chain, causing congestion and capacity issues. Further to the above, we do also see difficulties due to the current market situation and the impact of COVID-19.

In Martin Bencher Group we strongly recommend making all necessary preparations ahead of time. To avoid delays and increased freight costs, please be aware to plan and book your shipments well in advance.

2021 is the year of the Ox. The Ox is the second of all zodiac animals. In Chinese culture, the Ox is a valued animal. Because of its role in agriculture, positive characteristics, such as being hardworking and honest, are attributed to it.

If you have any questions in this regard, please don’t hesitate to contact your local Martin Bencher representative or our Branch Managers in Shanghai, Qingdao, or Guangzhou for the latest update on the current situation. Happy Chinese New Year from Martin Bencher!

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