WoodChat: How data & information are empowering industry

Friday 8 Nov 2024

 
In this episode of the WoodChat podcastDr. Erick Hansnata (Statistics and Economics Program Manager at FWPA) dives deep into the revamped FWPA Data Dashboard, an essential tool for the forestry industry that is designed to transform how stakeholders access and utilise data. This innovative Data Dashboard supports data-driven decisions and fosters industry collaboration by offering unique insights into market trends, consumer behaviour, and specific data relevant to various sectors within the forestry industry.

The recent updates to the FWPA Data Dashboard have significantly enhanced its interactivity and user-friendliness, making it a crucial asset for strategic planning and promoting growth in key areas such as construction, timber supply chains, and environmental sustainability. Dr. Hansnata articulates the vision behind this tool, stating, “ The key objective of this data dashboard is to provide comprehensive insight and data analysis and to be very versatile. This versatility allows users to tailor the information to their unique needs, ensuring that they can make informed decisions that align with current market dynamics.

During the episode, Erick also discusses planned improvements to the Timber Market Index  – a powerful tool for tracking price movements and trends.

In addition, hear highlights from FWPA’s three-part online webinar series designed to create understanding and engagement amongst the forestry and construction industries of the market potential of timber as the government continues to work to build new homes to address the gap between supply and demand.

This podcast episode emphasises the importance of industry collaboration, where shared data acts as a powerful catalyst for innovation and progress. By pooling resources and insights, industry players can stay informed about evolving trends, challenges, and opportunities, ultimately leading to a more robust forestry sector.

This episode is essential for those wanting to use data effectively to navigate the forest and wood products industry complexities and promote sustainable growth.

Click here to listen to the podcast

Source: FWPA


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