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
Due Diligence
In supply chain traceability, due diligence is the process companies undertake to ensure their suppliers and partners comply with legal, environmental, and ethical standards.
Accountability
Accountability ensures that companies can verify the integrity of their supply chains, uphold compliance with environmental and social standards, and respond to any discrepancies or issues with honesty and corrective action.
Supply Chain Transparency
Supply Chain Transparency refers to the extent to which a company discloses information regarding the practices, partners, policies, and origins within its supply chain.