The impact of Chinese New Year (CNY) on global supply chains “cannot be overstated”, according to Maersk, amid a warning that the forthcoming 29 January to 3 February holiday would be different from previous years, due to two volatile factors.
During CNY, factories across Asia shut down, “creating bottlenecks and delays in supply chain”, Maersk warned customers today.
“Companies experience a rush to complete orders before the holiday, and a backlog of …
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