October 18, September 16, June 30, March 31, February 23, Recommended for you. Email address. Already a subscriber? Sorry, your blog cannot share posts by email. It used to be a 7-day long holiday which allows people to travel back to their hometown. This year, the mid-autumn festival falls on the same day, therefore, public holiday starts from October 1 until October 8.
Businesses and production sites will be closed throughout the period. Majority of companies will resume business on October 9. Impact on sea freight. Most shipping lines have announced trip cancellations, not only during the Golden Week period, but also before and after the holidays, in order to adjust their services to the low market demand. The current market situation for all trade lanes are challenging due to the limited space available. Impact on air freight.
For eastbound shipments, since most of the consignees will be out of office during the holiday, it is recommended to avoid cargo arrival date falling on September 29 to October 8, or it may incur additional storage fee.
For westbound shipments, it is suggested to submit space reservations or loading instructions as soon as possible before the Golden Week. Air cargo space is very limited and in high demand during the run-up to the holiday. In general, there will be no sea freight operation services available during the public holidays period.
Air freight departments will only manage shipments booked with prior notice. The new charter service offers customers additional, reliable capacity and is supposed to be continued in August. Absolute reliability and short delivery times are the name of the game for Muc-Off — a British company that manufactures maintenance products for bikes and motorcycles. Muc-Off supplies distributors, retailers and customers across Europe and is now making inroads into the US market.
You can unsubscribe at any time. Please see our privacy policy for more information. To receive the Vogue Business China Edit, sign up here. It's also one of the most important weeks of the year for luxury businesses. This Golden Week, nearly seven million Chinese travelled abroad and another million travelled domestically. As every year, the holiday drove a surge in spending on luxury goods, cultural attractions and wellbeing experiences.
What should luxury brands and retailers focus on? Here are our five takeaways. Spending on Chinese credit cards over Golden Week was up 5. Data: Planet.
Domestic tourists spent a record Similarly, spending in Europe also deaccelerated. While sales increased as a whole, the total year-on-year growth was up a modest 5. Erwan Rambourg, global co-head of consumer and retail research at HSBC, points to four factors for this decline in consumption abroad:.
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