The forestry sector will continue to be influenced by geopolitical and economic challenges, while a significant paradigm shift is emerging in the understanding of forest value – from a timber resource to a multifunctional ecosystem, Anita Skudra, Chairwoman of the Management Board of Rigas mezi, has told the news agency LETA.
She explained that this year as well, the forestry sector would have to operate in the shadow of geopolitical and economic volatility, as global developments could rapidly affect demand for timber and price levels.
Skudra noted that a paradigm shift in the perception of forest value was becoming increasingly evident in forestry. There is a growing understanding that forests are not merely timber reserves, as society expects forestry to also provide ecosystem services as well as social and recreational benefits.
She pointed out that a key priority in the coming years would be the implementation of closer-to-nature forestry practices, open dialogue with society, and transparent decision-making in forest management.
Skudra predicts that labor shortages in the forestry sector will intensify in the coming years, a challenge that is hoped to be mitigated through the development of new technologies.
This year, she expects more and more companies to invest in new technologies, modernize machinery fleets, and introduce smart systems in logging and logistics.
She emphasized that both state-owned and private forest managers must operate flawlessly and transparently, strictly adhering to principles of corporate governance and effective risk management. This includes clear and fair timber sales processes, honest competition among businesses, financial transparency, and meaningful dialogue with all stakeholders. (BNN)