In October, the People’s Republic of China celebrates its annual national holiday, known as Golden Week. Similar to Chinese New Year, the entire country is on holiday, resulting in business closures and a potential 14-day halt in production and transportation of manufactured goods.
In addition, most of the 35 affected chemicals will also require explicit consent from the importing country before exports can take place. Four that were previously subject only to export notification will now also require explicit consent. The IT tool ePIC has been updated accordingly and companies can already start notifying their exports.
Planning Ahead Is Half The Battle
To avoid unnecessary supply chain disruptions during China’s Golden Week, a good advance planning strategy is essential, including:
Logistics and transportation:
To ensure customer satisfaction during the busy period leading up to Golden Week, it is critical to plan transportation capacity and work with reliable partners to avoid potential delays and bottlenecks in logistics services.
Warehousing and inventory management:
Especially in light of the upcoming holidays, companies should adopt inventory optimization strategies to position the right inventory of the right goods at different nodes in the supply chain to keep products closer to actual demand, which requires, above all, flexible and good warehousing and inventory management.
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A significant uptick in M&A activity in the biosimilars sector is being driven by FDA regulatory reforms, a maturing patent litigation framework and a looming patent cliff — $200 billion of branded products are facing patent expiration by 2030.
The Drewry World Container Index edged lower this week as falling Asia-Europe rates outweighed firmer pricing on the Transpacific, with carriers preparing another round of blank sailings ahead of China’s Golden Week holiday.
Diacetone Alcohol (DAA) is an aliphatic hydroxy ketone produced through the base-catalysed aldol addition of two acetone molecules. It contains both ketone and tertiary hydroxyl functionalities, offering excellent solvency and chemical reactivity.
As a high-boiling oxygenated solvent and valuable chemical intermediate, DAA finds broad application in paints and coatings, printing inks, adhesives, industrial cleaning, cosmetics, and textiles. It is also used as an intermediate in the production of mesityl oxide and MIBK. (4-methylpentan-2-one).