Golden week and its effects on shipping

GOLDEN WEEK AND ITS EFFECTS ON SHIPPING

Golden Week, one of the main commemorations of the Asian giant, has a significant impact on logistics companies.

What is Golden Week?

October 1 begins in China; the holiday week is known as Golden Week. Therefore, many companies close throughout the country during that week (1-7 October) to celebrate the People's Republic of China. Many families take advantage of these days to rest and get together with their loved ones. The term "Golden Week" is used in China to refer to the main vacation periods celebrated in the country. As well as the Lunar New Year, which lasts between 7 and 8 days in which factories, stores, and production, in general, are closed, and only the minimum service of essential companies is guaranteed

How can Chinese holidays affect the shipping lines?

China's influence on the international market is so significant that although the shutdown of production throughout the country is a known and anticipated event, it can cause significant problems in the global logistics chain. One of the consequences of Golden Week on shipping is the lack of space and delays, along with the cancellation of services by shipping lines during the festivities, which causes a shortage of container space and leads to overbooking at ports and terminals that can last several weeks. In Global Cargo System, we have SOC (shipper-owned container), which can benefit our customers. On the other hand, with all this, it is not difficult to imagine that another consequence of the Golden Week is the increase in the price of containers. The effects on the logistics sector may be caused by the consequences mentioned above, the COVID pandemic's repercussions, and the measures to be taken

How to manage your shipments during Golden Week

The effects this holiday has on the logistics industry and the world is inevitable, but at GCS, we can help you plan to prepare your shipments so that their effects on your business are as minor as possible. Good planning starts with knowing what goods are most urgent, prioritizing their shipment, and looking for alternative routes. United Win's China offices will be closed from October 1-7. In our commitment to provide worldwide coverage, Global Cargo System is present in China through United Win, which, with ten offices in the country, is responsible for planning all operations. In addition, United Win maintains a close relationship with shipping companies so that during the Golden Week festivities, should anything happen; we will continue to provide the best service to our customers. In addition, through our "One Desk" service, customers can track their cargoes