Latest Blogs on the Timber Industry & Trade Digitization

Market Trend | March 11, 2024

The China wood products market is in a state of flux, presenting both challenges and opportunities for stakeholders across the globe. As the world's largest importer of wood products, China's demand has been a driving force in the timber industry for almost 15 years.

Timber Exchange | December 5, 2022

Tobias Larsson is the newest addition to the Timber Exchange Board of Directors. The Board of Directors at Timber Exchange are a team of senior industry professionals sitting at the helm with several years of experience and expertise in industries including forestry, technology, & logistics.

Global Lumber Market | November 11, 2022

A few timber buyers and distributors are globally active with truly global agile supply chains. Most at best are competitive and established in one or two markets. Due to this reliance, movements or changes in exchange rates, natural disasters, legal frameworks, port strikes or forest fires might come in the way of fulfilling the transaction.

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 Supply Chain | July 8, 2022

When it comes to compliance issues, global trade functions in a complex and tricky landscape. This involves dealing with complicated and layered international transport and trade compliance frameworks that involve several counterparties spread across multiple countries. Needless to say, several government agencies govern the distinct layers in detail. Failing to comply with even a single aspect or violating them might jeopardize the entire trade process, thereby incurring high risks and costs.

Timber Supply Chain | December 28, 2021

If we take a look at the shipping industry, we would see that one of the most common challenges faced by them is that of real-time freight analytics. With the increasing competition and customer demands, new and improved analysis and response methods are highly required. This brings to the fore the requirement of digital supply chain visibility tools.

Timber Supply Chain | November 15, 2021

The world as we once knew it, has changed, especially post the Novel Coronavirus pandemic (COVID-19) in 2021. With competition rising across sectors, it has become crucial to stand out from the crowd, no matter what. A considerable time is typically spent by developers to come up with online tools, testing, beta-testing, and marketing the same.

Timber Supply Chain | August 25, 2021

API (Application Programming Interface) started to appear in the year 2000 and became in the last few years more known and heard, but before we dig more into our main subject, let us clear a few things:

Advance Cargo Information EGYPT | April 22, 2021

The Egyptian Ministry of Finance (Customs Authority) activated article 39 of customs law 207 of 2020 and issued decree 38 of 2021. This 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.

Timber Industry Analysis | April 7, 2021

As with most global supply chains, the timber industry is in a perennial search for end-to-end visibility - an arduous objective considering the market fragmentation and the data silos that remain unused across the value chain. With stakeholders drawing wafer-thin profit margins from timber operations, visibility into the value chain becomes crucial, as this could help them with demand forecasting and optimizing sourcing patterns.