Chinese New Year and its Impact on Global Supply Chain

Chinese New Year and its Impact on Global Supply Chain

Dr. Jay Guo | MIT Global SCALE Network's Ningbo China Institute for Supply Chain Innovation

January 28, 2025

Chinese Lunar New Year, also known as the Spring Festival, is the most important traditional festival originating in China, celebrated by more than 2 billion people worldwide. Other than the cultural and spiritual meaning the festival bestows to Chinese people, the 15-day long holiday (beginning with Chinese New Year’s Eve to the Chinese Lantern Festival) has a tremendous impact on the global supply chain, largely due to the