In our final installment of the Lessons from the Pandemic series, we shift from the impact on the food system to the impact on the Northeast’s fiber system. The timber industry reacted quickly to the pandemic, promptly curtailing production, but soon found demand for many wood products would actually increase.
The timber and forest products industries did not fare too badly during the COVID-19 pandemic, however production pivoted drastically in many areas due to shutdowns and restrictions. Read on for a more in-depth look of the current market.
Biomass, pulpwood and sawlogs are important to the sustainability of the Northeast’s forest industry but are facing a handful of economic challenges. Despite the headwinds, Northeast markets are incredibly well positioned to take advantage of emerging opportunities.
The Northeast forest industry is in the middle of a once-in-a-generation transformation. What does that mean for Northeast re-investment, consolidation and innovation? Eric Kingsley, of Innovative Natural Resource Solutions LLC, gives insight into forest industry opportunities for the year ahead.