Sourcing from China? Prepare Your Supply Chain for Lunar New Year 2024
If you source your brand’s products from Chinese manufacturers, it's important to be aware of the Lunar New Year (also called Chinese New Year) and how it will affect your supply chain. During the 2024 Lunar New Year, which falls on February 9-15, 2024, factories will shut down, shipping will slow, and product defects may increase. Not only does that create difficulty around the Lunar New Year, but it can also make it more difficult for you to get the inventory you need in the period immediately before the holiday, when some facilities may limit production, and after the holiday, when it takes time for many factories to ramp back up to full production.