Chinese New Year 2022 Is Coming. Here's How To Prepare. [Podcast]

Chinese New Year is one of the most challenging times of year for importers with some or all of their supply chain in China or other East-Asian countries (like Vietnam) who celebrate it, too. In this episode of the podcast, we discuss when CNY is in 2022, how and why it can cause disruption to your supply, and some of the tactics you can follow to prepare for it and get through the time period with minimal negative effects, such as planning your inventory in advance.

 

Listen here!

Listen: Preparing For Chinese New Year 2022 Disruption

Watch: Watch it on YouTube

 

Episode sections

  • 00:00 – Greetings & introduction
  • 01:21 – When is Chinese New Year 2022?
  • 02:26 – To avoid the disruption of CNY, what are the first and second-best scenarios for importers getting their product manufactured in China right now?
  • 05:04 – When do factories start ‘winding down’ and what causes this phenomenon?
  • 11:42 – What causes a drop in factory staff after CNY?  
  • 16:17 – What happens to quality when a factory has to hire a lot of new staff post CNY?
  • 20:44 – The effect of time pressure before CNY.
  • 24:47 – Is there an increased risk of suppliers going out of business at this time of year?
  • 29:57 – Planning for inventory.  
  • 32:57 – How can inspections protect importers around the CNY period
  • 35:59 – Wrapping up

 

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