Chinese New Year is approaching and at the time of recording in late November importers really need to be preparing for the disruption that occurs around this time of year!
When is CNY 2022, what disruption does it cause to your supply, and what can/should you do to prepare for and mitigate the negative effects of this difficult time period where the stability of supply and product quality often take a downward turn?
Find out in this episode..!
Show 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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