The BC Council of Forest Industries (COFI) released a new report, “Competitiveness & Sustainability in the BC Forest Sector,” comparing BC’s forest industry with other forestry regions around the world. The study was written by O’Kelly Acumen, and it highlights a strong link between a stable wood supply and investment attractiveness—areas where BC is lagging its competitors, putting its future at risk. Unless BC can address uncertainty in wood supply, the province will struggle to attract and retain forest industry investment. The report provides an in-depth analysis through three components:

• Forest Sector Performance in international forestry regions across North America, South America and Europe is benchmarked using economic and sustainability data from international organizations and national statistics offices.
• A survey of global industry leaders captured their perceptions of the competitiveness of the different regions across eight factors, including investment attractiveness and wood supply.  Lessons learned and opportunities to enhance BC’s long-term economic growth, resilience and sustainability are outlined.