Latest Blogs on the Timber Industry & Trade Digitization

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 | May 6, 2022

Every major and minor text available at the moment highlights the new challenges and risks associated with the globalizing world economy, thus giving a global perspective on business operations more relevance. With the evolution of globalization, corporate activities are expected to cope with the influence along with the opportunities that arise from it.

Letter of Credit | February 24, 2022

On 12th February 2022, the Central Bank of Egypt announced a new rule for Egyptian importers stating that they would need Letters of Credit to buy goods from March onwards and that they should stop dealing with collection documents during import operations, especially within the framework of the Cabinet’s directives regarding the activation of the ACI system and the governance of the import processes.

Timber Exchange | December 30, 2021

Centersource Technologies was registered on 2018-10-04 as a supply chain automation platform by industry professionals to automate time-consuming processes and make global trade smoother. In line with our vision, 2021 saw a lot of developments and achievements from our end. Let’s take a brief look at all our pivotal breakthroughs this financial year!

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 Supply Chain | June 7, 2021

Industries across the globe are experiencing a wave of digital revolution through automation that promises to transform the overall scenario of doing things!