Latest Blogs on the Timber Industry & Trade Digitization

Timber Industry | September 23, 2022

Consumers buy wood products in DIY stores and furniture. Being able to trace the wood’s origin is becoming of increasing importance for consumers. Previously this was difficult or near impossible on an item-by-item basis, but technology is enabling this, allowing consumers to track the journey of a piece of wood throughout the global supply chain.

Timber Industry | September 9, 2022

Today, only a handful of timber distributors and buyers are globally active with agile supply chains. This is because most of them are established in just one or two markets. Some buyers are often seen sending incomplete inquiries to the distributors due to their lack of appropriate information about the procedure of moving forward with a tender and the market situation. This results in several missed opportunities for both counterparties in the long run.

Timber Industry | August 5, 2022

The timber industry is very opaque. The price of timber depends on the information available, which, in turn, depends on the market. The market data hub democratizes access to global market performance and creates a transparent market that helps clients plan when to work with which market and at what price.

Timber Industry | July 29, 2022

Today B2B customer service is highly manual and reactive in forestry and even supply chain in general. Today, companies work in isolated systems and staff spend a majority of their time collecting and sharing updates, thereby wasting many man-hours. Sales and account managers spend up to 50% of their time on follow-ups regarding quotations, tenders, coordination, data and updates which their clients should otherwise have easy access to.

Timber Industry | March 30, 2022

A supply chain control tower can be defined as a personalised yet connected hub of key business metrics, data, and several important events across the supply chain. These are meant to enable organisations to understand, prioritise, and resolve complex issues easily.

Timber Industry | November 1, 2021

The Russian forestry sector can be divided into two distinct fragments – one, the large export-oriented companies and two, smaller companies that rely on the domestic market. The industry, however, is going through a serious pressure period that has ultimately amounted to the high prices of the delivered logs, along with the requirement to invest in new equipment and infrastructure to maintain competitiveness.

Timber Industry | October 20, 2021

Whenever you’re thinking about building a house, the best material you can lay your hands on is timber. As a cost-efficient material, timber has several characteristics that make it ideal for outdoor projects and structures. It provides long-lasting performance and an extremely natural appearance, based on the type and grade of timber you’ve chosen. One of the most sought-after timber types is the KVH timber. Why? Let’s find out!

Timber Industry | September 15, 2021

Wood, in general, has been an extremely vital part of our civilization, starting from the early Paleolithic times. It is used for making tools, furniture, weapons, and constructing buildings as well. Now, the usage of wood has always been dependent on three major factors – availability, quality, and cost. As a hard-fibrous material that is seen as the branches of trees and shrubs, construction wood has various structural and non-structural applications.

Timber Industry | June 10, 2021

Irrespective of the location you’re based, the cost of wood acts as the single largest variable of price when it comes to wood-consuming manufacturing projects. In this regard, you need to have a fair understanding of the timber wood price or stumpage in a supply region. The stumpage price is the amount paid to the landowner to gain the right to harvest the trees from the timberland of the owner that can drastically vary across local wood basins.