Risk in 21st-Century Wood Markets

For many of us, pirates conjure up the image of a bejeweled Johnny Depp sailing the indigo seas of the Caribbean. Or maybe we think of the heavily armed pirates boating off the coast of Somalia. Both seem far removed – one is from another time, the other from a far-flung place. They pirate gold, weapons, or other contraband …items that do not concern most of us in our daily lives (or so we think). Certainly, pirate booty is the last thing on our mind when buying furniture or other wood products. Unfortunately, timber piracy is alive and well in today’s wood markets – along with a number of other high stakes risks.

This series, “Risk in 21st Century Wood Markets”, will highlight key risks in today’s commercial trade of wood products and explore both traditional and new risk management  strategies and technologies.

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TimberCheck™ works to increase profitability in wood markets by reducing risk and building networks of trust. Sign up for preview access to the TimberCheck™ app here. Use TimberCheck™ to prevent late payments, false claims, contract cancellations, fraud, theft, and illegal origin. Join us on Twitter, LinkedIn and Facebook

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