With rising freight rates, PCAP capacitive touchscreens manufacturer race against time

Yiwu, Zhejiang is the world's largest distribution center for Christmas products. At this time in previous years, it was the peak season for Christmas products. There are not many buyers in the Yiwu market at present, why is this?(PCAP capacitive touchscreens)

Yiwu, Zhejiang: Christmas products are shipped ahead of schedule, hot products are out of stock

In the Christmas products area of Zhejiang Yiwu International Trade City, many buyers will come here to select products. Then sent to Russia, India and other places. But many popular products are out of stock. Why is this? Some businesses say that it will start in February and March this year. Buyers from all over the country began to place orders to stock up, and the peak sales season came ahead of schedule.

1)Order increasing

Some purchasers started their purchases two or three months earlier than last year.They only came to purchase in May and June last year. But they came here in February and March this year. Then this did not decrease for orders, but increased instead. In May and June of this year, the order amount can reach 8-10 million yuan.

2)Increase in exports

It is understood that Yiwu, Zhejiang is the world’s largest distribution center for Christmas products. Two-thirds of the world’s Christmas products come from here. August was the busiest time of the previous year. Nowadays, buyers are scattered and many popular products are also sold. When it was empty, the Christmas product purchasing season came to an end ahead of schedule. In addition to Yiwu, major export ports for Christmas products such as Ningbo also ushered in a small peak in the export of Christmas products in the second quarter of this year. Since May began to rise gradually, the export volume of the entire second quarter increased by nearly five percentage points compared with the same period last year.

Freight rates rise, PCAP capacitive touchscreens companies race against time

Although there is still a long time before the traditional Western holiday Christmas, the Christmas shopping season has come to an end ahead of schedule. What are the reasons behind the customer's significant advancement of the purchase time?

Reasons To Purchase PCAP capacitive touchscreens In Advance
1) Shortage of positions

Under the influence of the overseas epidemic, shortages of dock workers, terminal congestion, and suspension of navigation have occurred from time to time. The turnover efficiency of ships has declined, and the relationship between supply and demand has been seriously unbalanced. Since the third and fourth quarters of last year, there has been a shortage of space and a situation of hard to find a box. Not only has it not been alleviated, but the shortage of capacity is still increasing.

2) Increase in freight

Affected by the epidemic, ocean freight rates continue to rise. Just a few days ago, the Baltic Sea Global Container Freight Index showed. The shipping price of the China-US East route exceeded US$20,000 per 40 feet, a year-on-year increase of 500%. The Shanghai Export Container Freight Index, which was announced on August 13, representing the spot price, was recorded at 4,281.53 points. Continue to hit a record high, which is a 400% increase compared to last year's lowest point.

3) Timeliness

Some customers buy touch screens for new products during Christmas. So if this time has passed, it may not be necessary. So many customers have made preparations in advance. Order and ship in advance.

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