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April 3, 2020

Forecast: What’s the impact of the coronavirus on the Chinese timber industry?

  During the coronavirus crisis, nearly half of the companies in the Chinese wood industry reported that the epidemic had a great impact on their production, and their operations were almost stopped. At the moment, most enterprises face problems such as shortage of raw material inventory, insufficient labor force, lack of working capital and rising freight rates. With regard to the export trade of timber and wood products, the epidemic caused a decline in the efficiency of transportation and port unloading, and the export orders of timber operating and processing enterprises significantly decreased. The increased risk of the global ...

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