We’re All In The Same Boat: HBI’s Tips In Preparing for CNY 2022

As a Global Sourcing Agency, it is our job to ensure our customers are well-informed of the status of their current projects, future orders, and the holiday schedules of their suppliers. While our world enters a season of excitement and joy, it is also a time that businesses endure a lot of stress. Temporary closures and shut-downs mean stagnant factories and an idle supply chain, as companies strategically gamble through their “built-up” inventory, hoping to appease customers through early Spring. For importers, the anticipation of Chinese New Year (CNY) can create havoc and unwanted agony as the dates of the CNY holiday can range between two weeks and a couple of months.

December 7, 2021

Last Minute Importer Strategies for Surviving CNY

We want your holiday season to be enjoyable and manageable, just like any other part of your year, which is why businesses are choosing HB International and our twenty years of international sourcing experience. Our experience and team of experts work closely with our customers and suppliers to assist in preparing for CNY and other holidays, as we understand the strain it has on businesses. Our team works incredibly hard to ensure projects and lead times are communicated appropriately, prepared, and executed accordingly to alleviate the tension that comes with any holiday season or supply chain disruption.

What’s the best scenario? Place your orders NOW!

Ultimately the production of your order depends on your specific supplier and their lead times. Depending on how many orders your supplier currently has to produce will determine the status of your project.

With CNY scheduled for the first of February, the best scenario is to have your order completed by late December, early January. The closer you get to the end of January, the less likely your order may secure space for shipping or make the production line.

Backup Plan? Half Now / Half Later?

What if you had your supplier produce and ship half of your order before CNY? Perhaps you split the order up and plan to have the remainder of your order completed in March? Consider this a “safety net” of stock to ensure your business has enough inventory to survive through your supplier’s temporary shut down.

Can You Spare a Few Extra Days?

Imagine. Everyone is placing product orders before CNY and requiring their delivery to be completed on time and with guaranteed space on the next available ship… Everyone is [literally] trying to get into the same boat.

What if you chose a longer route? Of course, it will take a few extra days for your product to get to its final destination; yet, this slightly longer transit route may secure your cargo space and maybe less likely to arrive late or even rolled into the following week. It may also be a less expensive option!

Is Airfreight An Option?

Airfreight might be your quickest and most reliable alternative if planned accordingly. If booked in advance, this mode of cargo transportation offers minimal handling and could be a less expensive alternative if your product and its packaging are lightweight.

 

How Can HB International Assist You?

We’re a Global Sourcing Agency founded on the principle of customer service. Our business is based on our customers and their needs. From product development, quality assurance to supply chain management, our team is equipped in all areas to provide you the experience and total package. Our services allow our customers to focus on their business while we manage everything else.

Are you interested to learn more? We want to hear from you!

 

General