The future of wood products: What is the prognosis?
The Canadian wood products industry continues to have an overwhelming reliance on commodity sales to the United States housing market. The industry has extracted attractive profits from this approach in the past, first by taking advantage of abundant, inexpensive old-growth fibre and then by investing in cost-minimizing technologies. But like all investments on inputs for production, diminishing returns have been reached and new solutions must be sought to recapture competitiveness and profitability into the future. This paper addresses this challenge by focusing on the role of research and development and the transition into a sustainable, knowledge-based industry. Key words: Canadian forest industry at the crossroads, productivity, competitiveness, knowledge-based, role of research and development