With the Spring Festival approaching, logistics demand still maintains a strong momentum. While global supply chains continue to face congestion and disruption, the ongoing COVID-19 situation continues to trigger widespread economic challenges. Due to the approaching Chinese Lunar New Year holiday (1-7 February), some barge services in southern China will be suspended. It is expected that from January this year to the Lunar New Year period in 2022, freight demand will remain very strong and freight volumes will remain strong high level. However, the occasional new crown epidemic may still have a certain impact on the customer's supply chain. In its monthly report on market analysis trends, Maersk pointed out that the container industry's capacity is still constrained, the disruption of inland transportation services has greatly inhibited the capacity of the supply chain, and port congestion has also greatly reduced the efficiency of ship capacity turnover. The number of ships waiting to unload outside U.S. West Coast ports tripled as usual, while the number of ships waiting to unload at U.S. East Coast ports also showed a steady increase from last year. Ship congestion in European ports continues.

Far East Tech Technology is also in full swing in the last batch of shipping before the Spring Festival. The employees were busy early on Monday morning, and everyone raced against time to do the follow-up cleaning and packaging work before the products were shipped, so that they could smoothly enter the warehouse before noon to ensure smooth shipment.