How a pain point in Egypt spurred the timber industry towards efficiency and cooperation

Opinion Piece

A dramatic increase in the prevalence of supply chain pain points has presented an opportunity for innovation and collaboration, whilst underscoring the importance of digital solutions in the timber logistics sector.

Timber companies used the term “pain point” to refer to an inefficient port or a particularly cumbersome customs authority.

These pain points stood out because they were isolated pockets of inefficiency, delaying an otherwise well-functioning network that carried everything from raw materials to finished goods from one corner of the world to the other.

Over the last year, that has all changed. Pain points became endemic.

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Massive visibility gaps in logistics – The State of the Freight Report 2021

The state of the Freight 2021 - Centersource - Shipping and Freight Resource

Stockholm, Sweden, March 10, 2021,— A survey of over 300 supply chain professionals conducted by supply-chain automation platform Centersource and logistics media consultancy Charlie Pesti details a scramble for inventory … Read more here..

Timber & Technology Conference 2021 – Global Developments & Innovative technologies in the Timber Industry

Timber and Technology Conference 2021 - Shipping and Freight Resource

Timber is one of the most common and popular forestry products shipped around the world with a global export value of around $270 billion.

Digitalisation is sweeping through many industries including the timber industry, bringing with it dramatic reductions in the cost of obtaining, processing, and transmitting data achieved and changing the way we do business globally.

The Timber & Technology Conference 2021, organised by Centersource, is a virtual conference, which will discuss Global Market Developments & Innovative technologies in the timber industry and is a perfect platform for sawmills, importers, traders, and forwarders to understand and navigate global timber markets and work more efficiently.

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The State of The Freight : Unique Challenges and Novel Solutions

the state of the freight - research report - shipping and freight resource - centersource

2020 threw at us a potent concoction of virulent market conditions including a pandemic, skyrocketing freight rates, reduced availability of space and equipment on container ships, unprecedented demand and port … Read more here..

Competitive advantage in timber supply chain through digitalisation

Centersource White Paper - Shipping and Freight Resource - digitalisation of timber supply chain

For many customers, the shipment of timber products can be as problematic as it is valuable as it requires close coordination between the various parties..

Speed to market is quite crucial in this business, as is slow steaming or longer transit, to avoid tariff increases in some cases or to adjust the delivery schedules to suit the customer’s requirement..

All these factors together determine the actions that the timber companies must take in order to have a competitive advantage in the market..

Centersource Technologies, an independent digital marketplace and supply-chain automation platform has released a White Paper that provides answers to these questions..

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Centersource launches Timber Exchange, a digital marketplace for the forestry industry

Press Release on Shipping and Freight Resource

Centersource, a timber trade and technology company has launched Timber Exchange, a comprehensive marketplace and digital toolset for Forwarders, Sawmills, and Importers. Timber Exchange arrives just in time to help … Read more here..

Product Review : Centersource Platform

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Timber is one of the most common and popular forestry products shipped around the world, in various forms, using general-purpose ships, specialised log carriers, and also in containers..

The global export value of just Sawn Timber Softwoods (one of many different types of timber and forest products) is reported to be around $22 billion out of a total forest product export value of around $270 billion..

Due to the nature of the commodity, timber is usually moved in large quantities across various trade lanes and there are several processes to be followed for the shipment..

Right from order placements, creating the required documentation, transferring the same, booking the cargo with the lines, monitoring the movement of the same and ensuring the supply timelines are met, there are many intricate processes involved..

Many of these processes are still done manually, which results in inefficiencies in the business..

As per industry research, people spend a lot of their daily time on below points

  • 40% of their time trying to calculate CIF prices for the product
  • 25% sending offers
  • 65% drafting documents
  • 40% sharing information and trying to stay up to date
  • 20% tracking and tracing their shipments
  • 80% of those interviewed said they use Excel or Shared Folders to organise their shipment deals and files
  • 100% said they communicate using phones and email
  • 100% rely on free-tools (not always the most reliable) to track shipments
  • 64% of the respondents said sharing or collecting market updates is their largest problem

What if there is a platform that says you can do all of the above seamlessly and more efficiently..

As per Centersource, their Timber Exchange platform can do all of the above and even save you money while doing it.. Here is my review of their platform..

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