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
Proof of Authority
Proof of Authority (PoA) is a consensus mechanism used in secure digital ledger networks where transactions and block creation are validated by approved accounts, known as validators.
Chain of Custody
Chain of Custody (CoC) refers to the process of documenting and verifying the sequence of custody and control over materials and products within a supply chain.
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.