Latest Blogs on the Timber Industry & Trade Digitization

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.

Digitization | September 7, 2022

Recently, the European Commission published a proposal for a Directive on Corporate Sustainability Due Diligence in February 2022. This publication proposes an EU standard for human rights & environmental due diligence. The main aim of this Directive is to bring international standards into the European law to prevent the negative consequences of global business activities.

Freight & Logistics | August 12, 2022

Global supply chains are a complex network of trade flows where maritime transport takes up more than 90% of the volume of global trade, the backbone of the global economy. The structure of this trade flow network also impacts the region’s ecosystem to a large extent. Shipping companies amended their schedules anticipating reduced demand and closure of international borders during the pandemic in 2020. As a result, today, port congestion has become a growing concern for several parts of the world.

Timber Exchange | May 25, 2022

Timber Exchange offers three vital offline tools in the form of cargo inspection, L/C management & remittance, and shipping document compliance & legalization to help remove bottlenecks and increase flexibility on-demand in global trade. Each of these services are provided by highly trained, trusted, and experienced experts in the field to ensure a smooth and flawless process, even at an international level.

Advance Cargo Information EGYPT | May 6, 2022

Digital trade has become a crucial aspect of the entire industry, rather than being just an abstract idea, thereby changing the picture of global trade, depending severely on the free cross-border movement of data. Keeping that in mind, most offline or physical documentation or transactions are being shifted to a digital or electronic version. These digital documents are to be treated like their physical counterparts in the future.

Timber Supply Chain | April 1, 2022

The best way to work in a digital supply chain depends on how each stakeholder maximizes their resources by connecting, reusing, replicating, and interoperating them across their supply chain. Enterprise systems consist of on-site legacy applications, self-hosted applications inside a private virtual cloud, and vendor-hosted applications under a SAAS (Software-as-a-Service) agreement.

Digitization | January 7, 2021

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. The Supply chain could be defined as the management of flows and processes over organizational tasks, and with successful SCM