What are Wood Products?
Wood Products refer to a wide variety of goods derived from trees and forests, including lumber, plywood, paper, furniture, and other items made from wood fibres. These products are integral to numerous industries and everyday life, offering benefits such as carbon sequestration, renewable material, and versatility.
For companies specialising in supply chain traceability, managing the traceability of wood products is crucial for ensuring that the wood is sourced from legally harvested and sustainably managed forests.
Ensuring the sustainable sourcing and traceability of wood products helps companies meet consumer demand for environmentally responsible products, reduce the risk of deforestation and forest degradation, and contribute to global efforts in promoting sustainable forest management.
Related terms
Immutability
Immutability refers to the characteristic of data or records that cannot be altered or deleted after being recorded. This principle is a cornerstone in the realm of digital transactions, underpinning the reliability and security of data management systems.
Distributed Ledger Technology (DLT)
Distributed Ledger Technology (DLT) refers to a decentralised database that is consensually shared and synchronised across multiple sites, institutions, or geographies, making it accessible to multiple participants.
Risk Assessment in Supply Chain
Risk Assessment in Supply Chain is the process of identifying, analysing, and managing the potential risks and vulnerabilities within a supply chain that could disrupt operations, impact profitability, or harm the reputation of the business.