As the celebrations of the Chinese New Year commence, global supply chains are facing significant disruptions, characterized by a slowdown in trade and heightened strain on logistical operations. This holiday period, which extends until at least February 4, triggers factory closures, production suspensions, and delays in shipping schedules. The repercussions are not confined to China; Singapore, which also observes the Lunar New Year, is experiencing congested ports and diminished freight capacity. These delays can propagate through global supply networks, affecting manufacturing, logistics, and international trade, with potential ramifications that may persist for weeks both prior to and subsequent to the festivities.
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