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The sustainable timber industry, a cornerstone of the industry’s history, is on a precipice.
That’s according to a report by the Wood Industry Association (WIA), which said the sector is on track to be on the brink of extinction by 2060.
The WIA has warned that the global timber industry has been decimated by climate change, industrial waste, deforestation and invasive species.
It said the timber industry could lose up to $5 trillion (US$4.3 trillion) by the end of the century as global demand for timber increases.
“A single harvest in the forests of the world could destroy all the timber that was harvested in that year,” the report said.
“And the impact on the forests would be so great that the timber would no longer be sustainable.”‘
Austerity’ for wood processorsThe report, entitled ‘The Last Snow on the Land: The Sustainable Timber Industry’ , also found that “economic uncertainty” was a major factor in the industry facing extinction.
“While timber is widely considered to be an environmentally sustainable commodity, the costs of harvesting and processing timber have become increasingly prohibitive.”
It is now becoming increasingly clear that the sustainable timber sector is already in danger of being decimated,” it said.
The industry’s future is under threat from global climate changeThe report said that, with rising temperatures, pests and diseases are being unleashed in forests across the world, and that a warming climate will have the potential to wipe out the industry.”
This will force all timber processors to adapt, and to find ways of doing more to save the timber ecosystem and the livelihoods of forest-based workers,” it wrote.”
The only thing that is left to do is to preserve the wood for future generations to enjoy.
“The report also warned that while the industry has experienced some major economic ups and downs in the past, the industry is in a precarious position.”
If there is a significant disruption in the market, there will be an opportunity to take the next step and expand operations,” it concluded.”
But even if the market is stable, there are times when the industry faces challenges.
“There is a need for an efficient and secure business model for sustainable timber processing.”