Latest Blogs on the Timber Industry & Trade Digitization

Market Trend | October 4, 2024

A recent survey of lumber market participants offers insights into potential market movements, revealing that stability prevails over significant price changes among a minority of market participants.

Market Trend | August 5, 2024

As the construction and woodworking industries closely monitor market trends, the future of sawn timber prices has become a topic of significant interest. As a way of gathering sentiment and insights, our LinkedIn community recently participated in a poll asking: "How do you expect sawn timber prices to perform in the next 1-3 months?

Wooden Pallet | November 3, 2023

Over the past decades, the packaging industry has witnessed remarkable changes driven by factors such as globalization, the booming e-commerce industry, and a heightened focus on sustainability. In this article, we will explore the trends, challenges, and opportunities within the wooden pallet industry.

Lumber Futures | October 21, 2022

The unpredictable nature of lumber prices as seen over time has given rise to confusion amongst buyers and sellers who have been forced to navigate their businesses amidst extreme volatility. Fortunately for traders, the Chicago Mercantile Exchange (CME) Group has recently launched updates to the lumber futures & options on a futures contract to reduce price volatility in the market.

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.

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 Analysis | July 15, 2022

The Finland Sawmilling market is a topic of interest for several timber industry experts globally. Mr Amir Rashad, the CEO of Timber Exchange, recently hosted a Timber & Technology webinar that focused solely on the subject. To do the same, he brought on board the Chief Executive Officer of Finnish Sawmills Association (Sahateollisuus) and Sales Director of Koskisen Sawmills - Mr Tommi Sneck.

Digitization | July 15, 2022

On the 10th of May 2022, in the Queen’s Speech which marks the beginning of the new UK parliament term, the UK Prime Minister and His Royal Highness the Prince Of Wales announced the Electronic Trade Documents Bill. The Electronic Trade Documents Report and Bill is one of the first pieces of proposed legislation that arose from The Law Commission’s recent focus on new technologies.

Freight & Logistics | July 1, 2022

Ocean freight carbon emissions are a serious problem encountered all over the world. The vessels transporting cargo from one port to the other produce harmful greenhouse gasses (GHG), as they are dependent on fossil fuels. This, in turn, contributes to rising temperatures and climate change.