We are once again at that time of the year, where we encourage our clients to speed up their ordering process for the upcoming Chinese New Year CNY 2021. One may wonder, what’s the fuss about an event that’s nearly 3 months away, in February 2021? For most of us, the CNY is synonymous with getting together with family, eating dumplings, and the red lanterns. This post goes into behind-the-scenes about what happens when you place your vape or packaging order with FTL Distribution, how the CNY impacts our supply chain, and how you can be best prepared.
CNY, also called the Spring Festival, is the most important holiday in the Chinese culture since time immemorial. The CNY is based on the lunar calendar, which varies every year. This further adds a level of complexity to sourcing and logistics operations, not just for the cannabis industry, but all clients that rely on Chinese factories for their supply chains. Most of the factories in China, are located in the relatively urbanized and well developed coastal regions to the South and East of the country. The workers, most of them migrants, come from far flung interior villages and towns, in the North and West which are relatively underdeveloped and have much fewer employment opportunities. For them, the CNY is the first and only time when they get to go home perhaps in a year. - back to their families and friends, for 2 weeks. Salespeople and shop floor workers get bonuses alike, in red envelopes called ‘HongBao’ with which they buy gifts for their families back home. This event also holds a significant emotional and cultural place amongst the Chinese people and culture. This event also breaks records with every passing year, for the biggest human migration in history, with several billion trips being booked by land, air, or sea.