Impact of Global Economic Changes on the Wood-Based Industry

A special issue of Forests (ISSN 1999-4907). This special issue belongs to the section "Forest Economics, Policy, and Social Science".

Deadline for manuscript submissions: 28 June 2024 | Viewed by 3632

Special Issue Editors


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Guest Editor
Faculty of Forestry and Wood Technology, University of Zagreb, 10000 Zagreb, Croatia
Interests: marketing and trade in wood industry; business innovation; circular economy; costs and calculations
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
Department for Wood Science and Technology, Biotechnical Faculty, University of Ljubljana, 1000 Ljubljana, Slovenia
Interests: trade of wood and wood products; production planning and accounting; information systems at wood products market; marketing and international marketing of wood products and innovation

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Guest Editor
Economic Research Division, Croatian Academy of Sciences and Arts, 10000 Zagreb, Croatia
Interests: macroeconomic analysis; sustainable development

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Guest Editor
International Business School, 2140 Botevgrad, Bulgaria
Interests: employment of women in forestry; disclosures and reporting in the financial statements of forestry enterprises and furniture manufacturers; innovations and digitization in furniture manufacturers

Special Issue Information

Dear Colleagues,

Global economic changes have had a significant and mostly negative impact on the complex system of the wood-based industry, both locally and globally. These are reflected in the increased prices of materials, increased transportation costs, and disruptions to global supply chains. These trends are most visible in countries where the forest product industry plays a vital role in their economies.

However, these changes have focused attention on achieving an eco-friendly, sustainable, and greener economy, the necessary future direction of this industry. New possibilities are opening up for the wood industry to create effective green solutions to meet consumers’ needs.

Given the complexity of this industry, interdisciplinary collaboration is needed to overcome this issue, identify appropriate ways to lessen the negative effects, and take advantage of its development potential.

Articles that investigate the implications of global economic change and offer innovative solutions for wood-based industries are eligible for this Special Issue. Original works, reviews, and short communications are all welcome.

Dr. Andreja Pirc Barčić
Dr. Matej Jošt
Dr. Martina Basarac Sertić
Dr. Daniela Ventsislavova Georgieva
Guest Editors

Manuscript Submission Information

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Keywords

  • wood industry
  • wood products
  • timber products
  • wood industry economics
  • wood supply chains
  • wood supply and demand
  • forest policy
  • green economy
  • eco-friendly solutions

Published Papers (3 papers)

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Research

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21 pages, 782 KiB  
Article
The Impact of the Digital Economy on Supply Chain Security: Evidence from China’s Wooden Furniture Industry
by Yiyi Luo, Yilin Chen, Chenlu Tao, Chao Yang, Futao Xiang, Chang Xu and Fanli Lin
Forests 2024, 15(5), 879; https://doi.org/10.3390/f15050879 - 17 May 2024
Viewed by 324
Abstract
Supply chain security is a major prerequisite for China’s successful industrial modernization, while the digital economy has significantly contributed to industrial transformation and upgrading. This study considers China’s wooden furniture industry as its research object, constructing an evaluation index system of the digital [...] Read more.
Supply chain security is a major prerequisite for China’s successful industrial modernization, while the digital economy has significantly contributed to industrial transformation and upgrading. This study considers China’s wooden furniture industry as its research object, constructing an evaluation index system of the digital economy and supply chain security of the wooden furniture industry. Then, it studies the impact of the digital economy on supply chain security through theoretical analysis and empirical methods using the two-way fixed model of provinces and time. The findings demonstrate that the digital economy effectively enhances the level of supply chain security in China’s wooden furniture industry, further validating the digital economy’s positive externality impact on the traditional real economy. The impact mechanism test shows that inventory turnover capacity is the focal point for the digital economy to improve the supply chain security of the wood furniture industry, specifying the starting point for that industry’s digital transformation. The heterogeneity findings show that the role of the digital economy in improving the wood furniture industry’s level of supply chain security is more significant in inland areas than in coastal areas. Additional analyses found a threshold effect of the digital economy’s impact on supply chain security, indicating its limitations. This study explores the impact of the digital economy on the real economy from a traditional manufacturing industry, enriching research on the positive externalities of the digital economy as well as providing a reference for traditional manufacturing industries, such as that of wooden furniture, to probe the embedding points of the digital economy and appropriate digital transformation. Full article
(This article belongs to the Special Issue Impact of Global Economic Changes on the Wood-Based Industry)
15 pages, 790 KiB  
Article
Assessing the Role of Forest Certification and Macroeconomic Indicators on Croatian Wood Exports to the EU: A Panel Data Approach
by Kristina Klarić, Andreja Pirc Barčić and Martina Basarac Sertić
Forests 2023, 14(9), 1908; https://doi.org/10.3390/f14091908 - 19 Sep 2023
Cited by 1 | Viewed by 1038
Abstract
In the wood industry, forest certification stands as a pivotal factor that supports the implementation of sustainability and market acceptance. Recognizing its significance for both the wood sector and exports, this study explores the impact of Forest Stewardship Council (FSC) Chain of Custody [...] Read more.
In the wood industry, forest certification stands as a pivotal factor that supports the implementation of sustainability and market acceptance. Recognizing its significance for both the wood sector and exports, this study explores the impact of Forest Stewardship Council (FSC) Chain of Custody certificates on the export of Croatian wood to European Union (EU) countries. Through a dynamic panel data analysis using the system Generalized Method of Moments (GMM) estimator, our aim is to uncover the implications of this certification on wood industry exports. Additionally, the model assesses other determinants of wood exports, such as GDP, GDP per capita, remoteness, manufacturing value added, unemployment, and the real effective exchange rate. The results indicate that the number of FSC certificates during the observed period (2000–2021) have a positive and significant impact on wood exports from Croatia, suggesting that wood certification plays a predominant role in shaping such exports. Furthermore, the econometric analysis confirms the statistical significance of selected macroeconomic indicators, including nominal Gross Domestic Product (GDP), GDP per capita, unemployment, added value of manufacturing and real effective exchange rate, on wood exports. This study emphasizes the importance of forest certification in promoting wood exports and improving market competitiveness, offering a unique contribution to the literature by considering a range of macroeconomic factors in the analysis. Full article
(This article belongs to the Special Issue Impact of Global Economic Changes on the Wood-Based Industry)

Review

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21 pages, 836 KiB  
Review
Driving Efficiency and Competitiveness: Trends and Innovations in ERP Systems for the Wood Industry
by Karla Vukman, Kristina Klarić, Krešimir Greger and Ivana Perić
Forests 2024, 15(2), 230; https://doi.org/10.3390/f15020230 - 25 Jan 2024
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Abstract
Enterprise Resource Planning (ERP) systems offer various functionalities to support an organization’s core functions. However, many anticipated benefits often need to materialize due to business context changes and users’ high expectations. Continuous adaptation and improvement are necessary to address user disappointments. This research [...] Read more.
Enterprise Resource Planning (ERP) systems offer various functionalities to support an organization’s core functions. However, many anticipated benefits often need to materialize due to business context changes and users’ high expectations. Continuous adaptation and improvement are necessary to address user disappointments. This research focuses on ERP systems, exploring key factors influencing the success of their implementation. Recognizing challenges in ERP system implementation, this study provides a comprehensive literature review, identifying essential and contemporary Critical Success Factors (CSFs) influenced by technological advancements. Addressing challenges specific to the wood industry, this research introduces additional industry-adapted CSFs, including industry adaptability, integration with production machinery, effective warehouse management, and supply chain tracking. Furthermore, this paper emphasizes the need for continuous adaptation and improvement of ERP systems, especially in light of current trends and technological achievements. This study recommends a holistic approach, considering traditional or essential CSFs while adapting to new trends. Critical success factors in ERP implementation in the next decade involve considering cloud technology, artificial intelligence and machine learning, data security, mobile access, IoT integration, user experience, and training. The main objective of this paper is to identify the latest CSFs in ERP implementation. This research highlights essential success factors in ERP implementation, and contemporary trends in ERP implementation with a particular focus on the specifics of wood industry. While organizations should aim to maximize the potential of ERP systems, they should also acknowledge the crucial role played by human intervention in the effective and responsible implementation of artificial intelligence. Full article
(This article belongs to the Special Issue Impact of Global Economic Changes on the Wood-Based Industry)
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