As market disruptions unraveled supply chains in many sectors due to the COVID pandemic, the N.B department of labor tapped forest sector stakeholders to examine how the industry could be made more resilient to potential long term effects of a continued pandemic.
In response, a labor force adjustment committee determined that examining sector productivity especially in the forestry and logging segment could reveal opportunities to boost productivity and improve competitiveness.
The study, conducted by PricewaterhouseCooper, is in the data collection stage assisted by broad participation by wood producers and land managers.
A recent McKinsey and Company report states that even a 5% productivity improvement can translate into 10-20% cost reductions on harvesting and transport.
A report is expected January 2021.
