SAP BrandVoice: The Global Impact Of China’s Golden Week: Is Your Business Ready?

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Let’s take a closer look at how businesses can best navigate the global impact of China's Golden Week holiday.

This additional surge in logistics demand inevitably leads to longer delivery times, which may well extend over several weeks, especially when major sales events such as Black Friday or Christmas are approaching.

Businesses should plan ahead now to ensure that goods are delivered on time and ready for the upcoming major sales events and Christmas shopping season.To avoid unnecessary supply chain disruptions during China's Golden Week, a good advance planning strategy is essential, including:To ensure customer satisfaction during the busy period leading up to Golden Week, it is critical to plancapacity and work with reliable partners to avoid potential delays and bottlenecks in logistics services.

For example, securing transportation capacity for late September should begin as early as late August or early September. In general, it is advisable to book ocean freight three to four weeks in advance and air freight at least one week in advance. can help logistics accurately estimate arrival time and forecast demand, facilitating accurate planning of supply and demand, especially during peak season.strategies to position the right inventory of the right goods at different nodes in the supply chain to keep products closer to actual demand, which requires, above all, flexible and good warehousing and inventory management.

If there’s one very hard lesson learned from the pandemic, it’s the importance of logistics. Just-in-time is no longer good enough; companies are now building up security stock in the event there's global supply chain disruption, as discussed in a recent podcast episode of “

 

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SAP BrandVoice: What Sets Resilient, Future-Ready Companies Apart?How prepared is your business to respond quickly and effectively to disruption and change? And what can you do to improve future readiness?
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