Despite the impending rollout of the EU's EUDR, 18% of timber importers remain unaware, risking significant penalties.
The 2024 Deforestation Regulation Readiness Report surveyed 300 operators from the UK, Belgium, Austria, France, and Italy.
Results indicate varying levels of preparedness for the EUDR, with 27% claiming full readiness.
A majority (63%) anticipate that the deforestation crackdown will positively impact their market share.
Traceability has become a crucial aspect of supply chain management and compliance with upcoming legislation, yet 59% of importers lack sufficient funds for it.
Consumer preference emerges as the primary driver for full traceability, followed by regulatory pressure and market access.
Only 13.3% of companies demonstrate active monitoring of deforestation within their operations, indicating a need for enhanced vigilance.
The 2024 Deforestation Regulation Readiness Report surveyed 300 operators from the UK, Belgium, Austria, France, and Italy.
Results indicate varying levels of preparedness for the EUDR, with 27% claiming full readiness.
A majority (63%) anticipate that the deforestation crackdown will positively impact their market share.
Traceability has become a crucial aspect of supply chain management and compliance with upcoming legislation, yet 59% of importers lack sufficient funds for it.
Consumer preference emerges as the primary driver for full traceability, followed by regulatory pressure and market access.
Only 13.3% of companies demonstrate active monitoring of deforestation within their operations, indicating a need for enhanced vigilance.