Chinese New Year and Supply Chain
Multi-culture and diversity have become the signatures for Vancouver, British Columbia. Every aspect of people’s daily life has tasted some oriental influences since immigration from overseas starts. By 2020, Chinese New Year has officially made its robust entrance for Canadian people to celebrate. It is set differently according to the Lunar Calendar every year. 2021 is the Year of Ox and it is on Friday, February 12th, but how does this festival have impacted the supply chain industry?
Ever since global trade has opened a new chapter in North America, the availability and the volume of overseas goods have never stopped and been continuously expanding. The productivity is relying on overseas labours a lot, and Chinese New Year is a time that impacts greatly on the consumer market in Vancouver because the holidays normally last 3 weeks. During this period, the supply chain certainly takes in more pressure and capacity is vulnerable.
From the last decade, the quantity of imported containers has increased by 150% every year preceding. The formula for the business world is codified to be the more volume, the competitive all costs get. Contrarily, the low volume will mean the labour cost and material cost are going up while the factories are shut down. Container fees and production deadlines will fluctuate under the pressure of shortage as well.
As an experienced logistics partner, 18 Wheels Logistics previses for the coming year and set the supply chain risk management in place to anticipate for better and worse. Partnering with the 18 Wheels Team means our talented team members will meet all your needs in logistics, warehousing, copacking, and trucking.