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
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.
Sustainability
Sustainability in the context of supply chain management refers to the development and implementation of environmentally responsible and socially equitable business practices throughout the supply chain. It aims at meeting the needs of the present without compromising the ability of future generations to meet their own needs.
UK Environment Act
The UK Environment Act is landmark legislation designed to address various environmental issues within the United Kingdom, including air and water quality, waste management, and biodiversity restoration.