The forestry industry plays a crucial role in uplifting the global economy and also has a significant impact on the environment that we reside in. More than 57% of Sweden is covered in forests. Sweden holds less than 1% of the global commercial forest areas and offers 10% of sawn timber, pulp, and paper traded across the international market.
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From the 1st of April 2021, Egypt arrived at a trial period for getting approval on the implementation of the Advance Cargo Information Declaration (ACID) System. Egypt finally managed to become the first country in the North African region to implement the ACID System, to start from 1st July 2021.
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Industries across the globe are experiencing a wave of the digital revolution through automation that promises to transform the overall scenario of doing things!
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Egyptian Ministry of Finance (Customs Authority) activate article 39 of customs law 207 of 2020 and issue decree 38 of 2021. Which requires a unique customs registration number (Advanced Cargo Information Declaration (ACI) for each incoming shipment imported into Egypt that must be included on all shipping documents.
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For 15 consecutive years, Dubai WoodShow has been the leading destination for wood specialists, professionals, entrepreneurs and key leaders from across the globe. As a commitment to continue to provide a robust platform for the industry’s specialists, entrepreneurs and professionals from around the world
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After the “pandemic”, digitalisation is probably the most talked about aspect of the shipping industry, possibly only eclipsed by the “exorbitant container shipping rates” in the short term.
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Incoterms are the international rules that determine the responsibilities, costs and risks between the seller and the buyer. They are universal rules that bring predictability to the business. It’s important to keep in mind that this is not the full sales contract, only part of it incorporated into the contract.
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Supply chain management (SCM) is concerned with the coordination and management of organizations within a supply chain. Logistics is the part of SCM that manages the flows of goods and information within the organizations’ direct operations sphere.
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Manufacturing industries have started to adopt circular economy framework as an alternative to a traditional linear economy in which resources are made, used and then disposed of.
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RFID technology has been created as far ago as 1973, however it has only recently gained widespread commercial popularity reaching a market value of over $10 billion and is believed to become ubiquitous in the next decade. At its core, RFID is a data collection technology that can scan multiple sources at once in an instant.
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In 2019 Centersource has completed a survey amongst a number of companies that collectively export, transport or import over nine million cubic meters of lumber materials annually. We have asked these companies if they were satisfied with the work tools currently available to them. As a result, over 90% have replied with a definitive “No”.
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If you are a supply chain professional you probably already know this: Building analytics solutions that produce actual value is usually a very complex endeavor which requires a lot of thought, time and effort. The main reason is that the data you need to consolidate to get value is typically very fragmented and lives in multiple data sources, both internally, externally (at suppliers/customers) and in between (e.g. forwarders, agents, etc.). Some data might not even be possible to access.
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Because of coronavirus, we now face the biggest challenge in living memory to both continue business and coordinate it. This is a challenge for any organisation, but it may be particularly challenging for industries with global supply-chains and large networks of partners. So when everybody across the supply-chains works remotely - how can you coordinate it?
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My father started his company in the forestry industry exactly forty-five years ago. Back then typewriters, mail, calculators and telex (which was later replaced by fax) were the main tools required to conduct business. Due to language barriers and geographic distance, trading-houses were engaged to act as an outsourced export department, whom main task was to manage orders, oversee the supply-chain, open markets, provide finance security, ensure compliance and organise logistics.
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Companies are only as proactive, effective and organised as the employees inside and the tools available to them. Having worked in the industry for almost a decade and having worked with many companies globally of all sizes, including the biggest, I noticed that all share the exact same problems and suboptimal processes. The largest being that existing software doesn’t integrate producers to their industrial-buyers, automate processes or cover the final steps of the supply-chain - Which is why we built the Timber Exchange.
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