SIMIC

DSV said that the holiday, which begins January 31, typically puts extra pressure on supply chains as factories close for the week while people celebrate the holidays at home with their families.

DSV said that "several extraordinary factors cause a great deal of uncertainty about what the impact of the upcoming Chinese New Year will be" while the company also expects to see "exceptional demand" for transportation of goods in a market "characterized by limited capacity."

"The Chinese power curbs - the electricity rationing which was recently introduced in many parts of China to reduce carbon emissions - are also likely to have a significant impact on production in the coming months," said DSV.

"The extent of the policy varies from province to province, but in some places, the power curbs have resulted in factories cutting output or halting production entirely," said DSV.

"Although we have seen the situation improving recently, it is not possible to say how things will look in the future." said DSV.