Blog – Forestry Sector Analysis and Commentary – June 2023 Summary: Lumber prices continue to see wild swings in terms of prices. Housing starts for Canada continue to show slow growth. Biodiversity policies by various levels of government continue to put pressure on the forestry sector tree inventory management. Forestry sector continues to look at ways to embrace automation and AI as part of their overall forestry operations. Profitability and asset optimization are key focus areas by the forestry sector. Additional links and sources: Mitigating forest fires - https://news.northeastern.edu/2023/06/02/forest-fire-risk-prediction/ Geospatial - https://www.gim-international.com/content/news/harnessing-geospatial-ai-for-forest-conservation Reforestration - https://eos.com/blog/reforestation/ Investment Funds - https://www.globalaginvesting.com/folium-launches-regenerative-natural-resource-fund-folium-fund-iii/ Lumber Production - https://www.lesprom.com/en/news/Canadian_lumber_production_rises_in_March_107994/ Price of Lumber - https://www.rockethomes.com/blog/housing-market/lumber-prices Biodiversity - https://www.business.hsbc.com/en-gb/insights/sustainability/the-evolution-of-corporate-behaviour-to-tackle-biodiversity-challenges Automation - https://www.vancouverisawesome.com/resources-agriculture/robots-the-wave-of-a-digitized-forest-industry-future-7004653 Vegetation - https://www.euronews.com/green/2023/05/25/utrechts-new-vertical-forest-will-be-home-to-10000-plants-and-trees-how-will-residents-ben Tree Planting - https://www.upworthy.com/this-is-really-cool-u-s-announces-they-are-quadrupling-the-number-of-new-trees-to-be-planted Forestry and AI - https://www.globalwoodmarketsinfo.com/potential-of-ai-in-the-wood-processing-industry/ Housing Starts - https://globalrubbermarkets.com/2023/06/03/canadas-slowing-home-building-is-bad-news-for-buyers-and-trudeau-2/ Commodities - https://www.spglobal.com/marketintelligence/en/mi/research-analysis/weekly-pricing-pulse-commodity-selloff-data-disapoint.html

1. What is happening to
World’s forest?
Paul Young CPA CPA
June 3, 2023

2. Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – ESG and Sustainability Reporting
and Policy Development
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: paul.young_cga@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/

3. Agenda
• Lumber Prices
• Housing Costs
• Global Housing
• Key issues facing the forestry sector
• Automation

4. Commodity Prices
Source https://us.spindices.com/indices/commodities/sp-gsci

5. Commodity Price – Lumber
Source - https://www.nasdaq.com/market-activity/commodities/lbs

6. Housing vs Lumber Costs

7. Housing vs Lumber Costs

8. Global Housing Outlook

9. Issue facing Forestry

10. Technology / Forestry Sector
Source - https://www.woodbusiness.ca/how-technology-is-transforming-bcs-forest-industry-
5248/
• Investment into new technologies is revolutionizing the way Canada’s forest industry does business.
The federal government reports between 2005 and 2015, Canada’s forest industry cut its total energy use
by 31 per cent and reduced its greenhouse gas emissions by 49 per cent by generating bioenergy from
waste products and increasing energy efficiency.
• AI and Forestry - https://www.weforum.org/agenda/2018/09/ai-can-help-us-map-forests-down-to-
each-tree/
• Automation - https://www.woodbusiness.ca/fully-automated-applying-robotic-solutions-to-the-
sawmill/
• Supply Chain/Digital = https://www.poyry.com/news/articles/how-will-digitalisation-boost-
forestry-operations
• Analytics and Forestry Management - https://www.ibmbigdatahub.com/tag/6399

11. Automation
• Using drones to plant trees - https://www.nextbigfuture.com/2020/06/flash-
forest-and-tree-planting-with-
drones.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed
%3A+blogspot%2Fadvancednano+%28nextbigfuture%29
• Innovation / planting - https://www.fastcompany.com/90504789/these-drones-
can-plant-40000-trees-in-a-month-by-2028-theyll-have-planted-1-billion
• Tree Planting / Drones -
https://www.standard.co.uk/news/world/treeplanting-drones-could-help-
restore-world-s-forests-a4116376.html

12. Geospatial Technology and Vegetation
Blog - Safeguarding Assets through use of Weather Analytics and Vegetation Management Solutions - ESG and Climate
Change - https://www.linkedin.com/posts/paul-young-055632b_vegetation-
TQfV?utm_source=share&utm_medium=member_desktop
https://www.ibm.com/products/environmental-intelligence-suite/vegetation-management
This is a great opportunity for the utility sector to re-look at their asset management through using vegetation and
weather management solutions. Mitigation of risk from climate is becoming a key focus area for the utility sector.
https://www.slideshare.net/paulyoungcga/electricity-analysis-canada-and-the-oecd-february-2023pptx

13. Key Metrics for the Forestry Sector

14. Additional Links
Circular Economy - https://www.slideshare.net/paulyoungcga/what-is-the-circular-economy-and-how-can-data-and-ai-drive-outcomespptx-257103318
Integrated business planning and reporting - https://actionkpi.com/ibm-planning-analytics/
DORA and CRA - https://www.linkedin.com/posts/patrickgaul_council-post-industries-at-risk-of-cyberattacks-activity-7057368936127893504-
nbN_?utm_source=share&utm_medium=member_desktop
Trusted AI - Blog – Trusted AI and its Principles - https://www.linkedin.com/posts/paul-young-055632b_white-house-blueprint-is-the-starting-point-
activity-7024108278271918080-ca1P?utm_source=share&utm_medium=member_desktop
Operational and Reporting Review - https://actionkpi.com/ibm-planning-analytics/ and https://actionkpi.com/integrated-profitability-program/
ESG and Sustainability Reporting - https://www.slideshare.net/paulyoungcga/introductory-to-esg-and-sustainability-reportingpptx
Data Management - https://www.slideshare.net/paulyoungcga/how-to-solve-data-management-isuses-for-both-the-private-and-public-sectorspptx
Close, consolidate, and reporting - https://www.slideshare.net/paulyoungcga/close-consolidate-and-reporting-cyclepptx-256864692
Top Reporting Challenges - https://www.slideshare.net/paulyoungcga/top-reporting-challenges-facing-both-the-private-and-public-sectorpptx
Data and AI - https://www.slideshare.net/paulyoungcga/leveraging-realtime-analytics-as-part-of-driving-data-and-ai-to-improve-business-
outcomespptx

15. What’s next
• Forestry sector will continue to look at ways to better manage forests around the world as part managing pulp, paper,
and wood production.
Blog – Forestry Sector Analysis and Commentary – June 2023
Summary:
Lumber prices continue to see wild swings in terms of prices.
Housing starts for Canada continue to show slow growth.
Biodiversity policies by various levels of government continue to put pressure on the forestry sector tree
inventory management.
Forestry sector continues to look at ways to embrace automation and AI as part of their overall forestry
operations.
Profitability and asset optimization are key focus areas by the forestry sector
.
Additional links and sources:
Mitigating forest fires - https://news.northeastern.edu/2023/06/02/forest-fire-risk-prediction/
Geospatial - https://www.gim-international.com/content/news/harnessing-geospatial-ai-for-forest-
conservation
Reforestration - https://eos.com/blog/reforestation/
Investment Funds - https://www.globalaginvesting.com/folium-launches-regenerative-natural-resource-
fund-folium-fund-iii/
Lumber Production -
https://www.lesprom.com/en/news/Canadian_lumber_production_rises_in_March_107994/
Price of Lumber - https://www.rockethomes.com/blog/housing-market/lumber-prices
Biodiversity - https://www.business.hsbc.com/en-gb/insights/sustainability/the-evolution-of-corporate-
behaviour-to-tackle-biodiversity-challenges
Automation - https://www.vancouverisawesome.com/resources-agriculture/robots-the-wave-of-a-
digitized-forest-industry-future-7004653