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EP 565 | AIRED 11/22/2021
November 22nd, 2021 --- This week we provide a China Update as the country’s “Covid Zero” strategy implemented to combat it’s largest Delta variant outbreak, puts Chinese New Year production in jeopardy.
--- As other nations have pivoted to living with the virus, China has doubled down its efforts on executing their Covid Zero strategy of eradicating the virus on its soil - which includes defenses such as lockdowns and forced quarantines, mass testing (including door-to-door testing), rigorous contact tracing, and travel restrictions.
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As Chinese New Year falls on February 1st 2022, there is a very good chance Dalian will not be able to resume production before Chinese New Year closures - as such buyers have already started ordering more products from Qingdao and Yantai.
For current raw materials pricing, please take a look at this China Raw Material Matrix.
Our recommendation is to buy what you can get your hands on (as we head into Holiday buying season), and to buy through quality suppliers such as Tradex Foods that can produce inspection reports for domestic and overseas production.
With the current state of the supply chain, there is bound to be deceptive practices at play.
Secondly, prepare your customers (and yourself) on buying local as costs (and/or inflation) continue to surge.