Chinese New Year won’t be another dog thanks to guaranteed contracts

With the upcoming November-December usual slack season only a couple of weeks away and the start of 2019, when U.S.-China tariffs go into effect and Chinese New Year (CNY) follows shortly after, U.S. shippers are faced with a new level of uncertainty and concern around their container supply chains.

The challenges are adding up as container import volume projections remain strong. For import shippers, the impact of these events and how ocean carrier partners will manage capacity, services and pricing is a major focal point for import supply chains. Import shipments that need to be placed on a vessel last minute may be out of luck as January 1st and pre-CNY gets closer. It’s now time to prepare before factories close and workers take off to enjoy the CNY holiday on February 5th and tariffs go into effect.

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