Every year, China witnesses one of the largest human migrations in the world. As the nation’s workforce down tools and return to their home town’s to enjoy the Chinese New Year celebrations, factories across the country close shop for up to 40 days. Meanwhile, businesses across the rest of the world face a huge amount of supply chain disruption. Given the level of volatility during this time, what can you do to safeguard your operations before, during and after the factory closures?
With extensive lead times of up to several months, importing goods from China can be challenging at the best of times. However, when you consider that you may be left in the dark for over a month during the holiday period and even then, production may still be constrained for a further few weeks, it is vital that steps are taken to minimise the disruption during this time. Failure to do so could result in costly stock outs, missed opportunities and disappointed customers.