Chinese New Year Festival is celebrated from February 11-17. Far East Suppliers will halt their production for this annual national holiday, SO THE TIME TO START PLANNING IS NOW!
Suppliers are still playing catchup from the pandemic. Because of this, backorders and customer demand remain volatile which means extra steps must be taken this year to prepare for what lies ahead.
A SIMPLE GUIDE TO FORECASTING FOR CHINESE NEW YEAR
To help you prepare for supplier closures, we have put together a simple infographic.
By following these milestones, you can ensure you have taken all the necessary steps to:
• Build robust demand forecasts
• Align sales, operations & the wider business
• Secure availability without over-investing in inventory