Forestry in good health, says NRC
Oct. 8, 2014 – Though the forest industry is changing, it is in good health according to the Natural Reources Canada's State of Canada's forest report. It states that though smart phones and technology has fundamentally altered the way the forest industry functions, regions that concentrate on lumber and not paper products are doing well.
"While the recovery of U.S. demand is key to this performance, the industry also has global markets to thank for the high prices it has seen. Indeed, the rapid growth in demand for forest products in China has fundamentally altered the trade landscape over the past 10 years," the report says.
The industry has had to make some transformative investments because of potentials offered by new technologies, the economic downturn and a basic need to adapt to changing times.