Economic recovery may take longer than earlier expected, countries continue to explore new opportunities, and there is more push for EUDR to be delayed. ITTO tells us more about recent developments in the market
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The woodworking industry continues to face challenging prospects as companies look to stay competitive amidst a sluggish economy. On top of that, stakeholders are pushing for a rethink or at least a delay in the enforcement of EUDR, ITTO shares the latest topics.
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Countries are bracing themselves for more stringent certification requirements ahead by rolling out new standards and programmes; after a weak 2023, there are signs of better prospects in 2024, ITTO tells us more about the latest developments in the industry.
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Recovery in China remains slow, while other regions are showing some promise after a weak 2023. ITTO tells us more about the latest market developments in Asia.
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Despite signs of recovery and growth in 2024, economic challenges remain and some countries are trying to navigate through these difficulties by diversifying and strengthening their footprints in different markets through innovations and certification. ITTO shares more about the latest happenings in Asia.
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Consumer spending remains sluggish as economic concerns lingered, but there are encouraging signs of recovery. Challenges remain and ITTO tells us more about what to look out for ahead.
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With the sluggishness in the world economy, much of the focus right now has been on improving competitiveness, resolving barriers to production and trades, and finding new ways to give a boost to the sector. ITTO shares more on the latest developments in Asia and beyond.
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The EUDR has entered into force and this may have lasting impact on the global wood product trade routes going forward. In addition, additional duties, low consumer spending and other factors may put even more pressure on the industry. ITTO tells us more
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Once again, the industry is grappled with uncertainties as a possible US debt default looms and global interest rates responses remain unclear. On top of that, a new European deforestation regulation is set to bring some far-reaching changes to the dynamics of the wood products market. ITTO shares insights on these topics and more.
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The wood industry continues to grapple with a changing landscape, as recession fears and new certification requirements, challenges, and investments redefining the path ahead. ITTO tells us more about the happenings around the region.
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