Chinese New Year - how it affects purchasing and delivery timesThe Chinese New Year (or Lunar New Year) is a major holiday in China and many other countries in Asia, such as Thailand, South Korea, Taiwan, Vietnam, the Philippines, and Malaysia. Factories typically shut down operations for 1-2 weeks, and sometimes longer. This has a major impact on global supply chains because China is the world's largest producer of a wide range of goods that companies all over the world depend on.