If you work with Import and Export, you need to pay close attention to Golden Week. It is nothing more than a week considered a public Holiday in China.
Golden Week starts on October 1st and runs until October 8th. During this week, the vast majority of companies, industries, airlines and merchants in general do not work. As a result, the international market ends up being affected.
That's because, much of the country will not receive or send goods. That is, if you don't have a good plan for the date, you run the risk of suffering from delays.
What are the factors that hamper foreign trade during Golden Week?
Golden Week can interfere in your business in three ways:
Increase in demand affects production time
As is to be expected, many companies advance their orders on account of the holiday week. Consequently, the high demand in factories and industries ends up also increasing the delivery time of orders.
Therefore, it is important that your company seeks suppliers that can meet this punctual increase in demands and that are committed to guaranteeing deliveries during the period.
More difficulty boarding
Another factor that ends up affecting all foreign trade is that, during Golden Week, it is more difficult to ship goods.
As many companies anticipate their operations because of the date, the volume of shipments grows a lot in the days before the holiday week. This ends up creating a real congestion in all types of Chinese transport.
To avoid having headaches during this period, or even not being able to ship your products, the best way is to reallocate shipments, or even talk to customers to have them done after the 8th.
High in costs
Rising demand also increases the costs of international transactions. It is the natural law of the market, with a lot of demand and little supply, prices end up going up dramatically.
You can find transport companies working on call during the week of October 1st to 8th. But you will most certainly pay a lot more for services during this time.
In this sense, it is worth looking for a foreign trade consultancy that can help you in the search for the best conditions. A specialized company will have the necessary contacts of carriers that will be operating during the holiday, and will be able to present more advantageous negotiations.
In this way, you guarantee the shipment and receipt of goods, avoiding losses.
Advance Soluções em Comércio Exterior is prepared to serve your company. National reference in the import, export and customs consulting segment, we have a qualified team ready to help you not only during Golden Week, but also every week of the year.
Be sure to contact us at (62) 99382-7825, (62) 3432-2981, (62) 3093-1829 or at comercial@advancesolucoes.com and learn more.
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