•  Chinese New Year:

            The annual holiday for many Asian countries will come later than it usually does, but even in times for Covid-19 it will have a major impact on manufacturing and production. Any supply chain that includes countries celebrating Chinese New Year will experience a shutdown of some kind during this period. The holiday officially runs from February 11th to February 26^th this year. Shutdowns begin a week before the two-week long holiday and production will return to current levels by the end of February.

With 2021 right around the corner, most shippers are still fully-engaged in trying to finish out 2020’s shipping needs as efficiently and cost-effectively as possible. Everyone has done the best they can weathering the freight storm of 2020, but many are wondering if 2021 will bring that much relief or be as volatile as the past 10 months. We at M&A don’t have a crystal ball telling us exactly what 2021 will bring, but we do have a fair forecast of what to look out for in the next year.