
Kevin Mason
The Global Supply Chain Pressure Index, which provides a gauge of global supply chain conditions, spiked in April and currently sits at its highest level in almost four years. Several other measures, including the World Bank’s Supply Chain Stress Index are hovering around all-time highs as well. The conflict in the Middle East and resultant spike in energy prices has clearly driven some of the recent increase in supply chain pressure, and the logjam in the Strait of Hormuz, along with some ongoing challenges in the Red Sea, have forced many vessels to take longer routes, adding travel time, increasing fuel costs, and stretching capacity.
However, the situation in Iran is not the sole driver of recent supply chain pressure: In the US we are seeing an acute shortage of truck drivers following a government crackdown on driver qualifications and after a wave of trucking-firm bankruptcies. As a result, the Federal Reserve Bank of St. Louis’ long-distance trucking price index has recently jumped from a reading of 181 in January to 210 in April (also approaching all-time highs last seen during the pandemic). Similarly, overland freight pricing data from DAT Freight and Analytics shows that flatbed truck rates have surged since the onset of the Iran war—the national average spot rate for flatbed trucks was $2.72 per mile in February and has rocketed to $3.64 by May. DAT’s national load-to-truck ratio (the number of loads posted for every available truck posted on the DAT load board) sat at an eye-watering 72 in April, up from 35 in April 2025 and just 19 in April 2024.
A deal with Iran may be in the works, but as we learned after the COVID pandemic, it can take months (if not years) for supply chains to normalize. Buckle up.
US President Trump has said he is “not looking to renew” the Canada-U.S.-Mexico Agreement (CUSMA). “I made the deal and the primary reason I made the deal is that NAFTA was the worst trade deal I’ve ever seen. Yeah. And I made it better. But I had the right to terminate.” …“We don’t need anything to Canada has, we don’t need anything that Mexico has, but they need everything that we have, and they have to treat us better.” …“With Mexico and Canada, we have trade deficits. We should have surpluses with them. We don’t need their cars. We don’t need their lumber. We don’t need their energy.” …CUSMA’s text allows each country the opportunity to extend the agreement for another 16 years or launch a series of annual reviews.
UK — A strong and reliable supply chain is essential to the continued growth of offsite construction in the UK, and the collaboration between West Fraser and
The Trump administration wants to reimpose a 10% tariff on top trading partners including the EU and Canada, while hitting others with a higher rate, citing concerns about forced labor. The US Trade Representative’s Office made those proposals as part of a report with the results of its investigation into 60 trading partners over their failure to impose and enforce laws to prohibit goods made with forced labor. It’s one of two sprawling trade investigations the administration launched earlier this spring in an effort to restore President Donald Trump’s global tariffs that were struck down by the Supreme Court in February. …The USTR probe, conducted under Section 301 of the Trade Act of 1974, found that six countries have failed to effectively enforce existing laws prohibiting goods made with forced labor: Canada, Ecuador, the European Union, Indonesia, Mexico and Pakistan. The report recommended a 10% duty. It recommended the same duty for another nine countries.
The US Trade Representative has determined that several Brazilian acts, policies, and practices are actionable under Section 301 and has proposed tariffs of 25% on all goods of Brazil, with specified exemptions and an annex of excluded products. …The determination covers multiple areas, including illegal deforestation, and states that timber and agricultural production linked to illegal deforestation can burden U.S. commerce by lowering costs for competing products and distorting prices. The notice describes timber-sector fraud risks, including the laundering of illegally harvested timber through supply chains, and states that illegally sourced timber products can devalue legally sourced timber prices by an estimated 7% to 16%. On wood-related findings, the notice references concerns that Brazilian products may be made with timber harvested illegally. It also describes limits in auditing and verification under Brazil’s Forest Code registration system. …The notice sets a public comment schedule that opens June 1, 2026.


Global oil prices fell on Monday following news of a tentative deal between Iran and the U.S. to extend their ceasefire agreement and reopen the Strait of Hormuz, but a veteran oil watcher doesn’t see crude prices returning to pre-war levels anytime soon. Eric Nuttall, partner at Ninepoint Partners, said that traders are trying to determine where the price of oil will settle out in the coming days and weeks, as many key details about the deal still need to be ironed out. …Nuttall noted that even if the strategically important Strait of Hormuz is fully reopened as a result of the Iran-U.S. deal, it will take time for oil markets to recover from the volatility of the last three and a half months. …In addition to the logistical backlog and supply chain disruption, the war in Iran has caused extensive damage to petroleum facilities across the Middle East, Nuttall explained.
Russian lumber production is rising despite deteriorating sales and falling exports, driving inventories higher as weak household purchasing power limits the domestic market’s ability to absorb excess supply, according to the monthly Russian Lumber Industry Insights report. Companies are trying to maintain production volumes, the report said, but warehouse stocks are rising because domestic demand is weakening. The ministry in May sharply reduced its growth outlook, revising GDP growth for the current year to 0.4% and to 1.4% in 2027, and reported that the economy contracted by 0.3% in the first quarter. …At the same time, the crisis in China’s construction sector has reduced import demand and intensified price competition. …Logistics costs for Russian suppliers continue to rise, the report said, further reducing the profitability of shipments. Taken together, weakening domestic demand, lost market share in China and higher transport costs are creating pressure on exporters and contributing to a buildup of stocks.
Timber frame homes built in as little as five days could be a way to increase the pace of housebuilding in London, some of the capital’s largest construction companies have heard. Industry leaders travelled to Scotland to learn how the housing is produced, from sustainable forestry through to completed homes, as developers and ministers look for ways to increase the number of homes in the city. Scotland has adopted timber frame construction on a greater scale than England. About 92% of new homes north of the border are built using timber frame, compared with 13% in England. Andrew Orriss, of the Structural Timber Association, said: “Scotland builds faster, greener, and more efficiently than England. …“And the reason is timber frame. …Mayor of London Sir Sadiq Khan has a target to build 88,000 new homes per year. …In Britain, structural timber are only permitted to a maximum height of 18 metres, or up to 6 storeys.
Japanese domestic 2×4 production rose 33.9% in 2025 to 112,610 m³, while more housing companies are specifying domestic dimension lumber. For Canadian exporters, the message is clear: competition is no longer only imported lumber from Europe or Russia. Domestic Japanese producers are also gaining ground, especially in Sugi-based 2×4 applications. Japan’s domestic 2×4 segment is still relatively small compared with the country’s total structural wood market, but the latest survey results show a market moving decisively in favour of local supply. That matters for Canadian producers because Japan remains one of the world’s most important premium wood markets, and 2×4 construction has historically been a core outlet for Canadian dimension lumber. The Association to Promote the Use of Domestic Wood in 2×4 Construction recently released the results of its annual survey of domestic 2×4 production and usage trends. …The survey results indicate a significant increase in Japanese domestic dimension lumber production and consumption.
IRELAND — Minister for Agriculture Martin Heydon [et al]… welcomed the final report from the interdepartmental and industry 

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The natural cooling effect of snow in northern forests following forest fires is rapidly diminishing. As a result, a fragile climate equilibrium threatens to disappear, potentially leading to additional warming in one of the most climate-sensitive regions on Earth. This is the conclusion of new research by Vrije Universiteit Amsterdam. …After a forest fire, the landscape in northern regions often remains open and covered with snow for a long time. This snow reflects a great deal of sunlight and makes the Earth’s surface brighter—an effect known as snow albedo. For years, this compensated for part of the warming caused by CO2 emissions from forest fires. [The study found] that the cooling effect of snow has decreased by nearly 30 percent since the 1960s. Whereas in the past almost half of Canadian forest fires eventually reached natural climate equilibrium …this now applies to only about one in four or five fires.
From the rainforests of French Guiana to ancient woodlands in eastern France, thousands of hectares of forest are gaining new protections. On 9 June, France said it has created seven new biological reserves and expanded two existing ones. Together, they safeguard an additional 157,000 hectares of forest as it works toward placing 10 per cent of its land under ‘strong protection’ by 2030. “This translates into less pressure on natural environments and stronger protection for species and habitats,” says Monique Barbut, France’s minister for ecological transition, biodiversity and international climate and nature negotiations. However, the vast majority of that land – around 99.5 per cent – lies in a single reserve in French Guiana, France’s overseas territory in South America. The new reserves in metropolitan France collectively cover under 1,000 hectares. …The remaining eight reserves, spread across metropolitan France, range from the mountain forests of Bannes-Ravines in the Vosges to the Mediterranean woodlands of Pas de la Lauze in Hérault.
TURKEY — The Istanbul Governor’s Office announced that access to forested areas across the city, as well as lighting fires for barbecues, gas stoves, hookahs and similar purposes, will be prohibited between June 8 and Oct. 15. In a statement the governor’s office said the increase in human and vehicle activity in forest areas during the summer months raises the risk of wildfires. To prevent risks that may arise intentionally or through negligence, authorities decided to implement a series of measures. The restrictions also prohibit the burning of stubble, trees, branches and all types of vegetation for purposes such as cleaning vineyards, gardens, olive groves and agricultural fields in villages and neighborhoods, including those located within, adjacent to or otherwise connected to forest areas. There are no restrictions on picnics, sports, walking or similar activities in designated picnic and recreation areas, groves, parks, nature parks and ecotourism sites within Istanbul.
THE HOT DRY spell at the end of May was welcome sunshine after a particularly wet and miserable winter. However, the flip side of the nice weather is the near inevitability with which it is accompanied by large fires on the hills. A blaze engulfed the south Dublin Mountains as well as areas of Wicklow. National Parks and Wildlife Service described as “lit intentionally, destroying hundreds of hectares of habitat and all associated animals, insects and plants within it”. …Shocking and disruptive as these fires are, they are nothing new. According to the
The world is losing its forests faster than it can save them, with severe consequences for the climate, biodiversity and over one billion people who depend on forests for their livelihoods, according to the United Nations’ latest Global Forest Goals Report 2026. Although many countries have expanded forest restoration efforts, strengthened governance frameworks, and improved monitoring systems, progress remains critically insufficient to halt deforestation, lift forest-dependent communities out of poverty, and meet the UN Sustainable Development Goals (SDGs) by 2030. “We know what to do. We need to act on the information and knowledge we have. But do we have the will to act?” said Éliane Ubalijoro, chief executive officer of Landscape Alliance, the new operating name of the Center for International Forestry Research and World Agroforestry (CIFOR & ICRAF). That question runs through the report, which finds that existing tools, policies and institutions have yet to deliver change at the scale required.
The UK Department for Environment Food and Rural Affairs (DEFRA) has published detailed guidance setting out how a planned UK‑EU sanitary and phytosanitary (SPS) deal will reshape forestry-related trade – and is urging businesses to start preparing now. In a wide‑ranging update, the department set out how the agreement would operate in practice, including the removal of most routine border checks and certification requirements for goods moving between Great Britain and the EU. But the guidance also makes clear the scale of regulatory change required, with the UK set to align dynamically with EU rules across a wide set of areas, including pesticides and plant imports. Among the most significant operational shifts set out for horticultural businesses (which includes forestry-related activities). …Further detail on transition periods and exceptions is expected later in 2026, with full implementation targeted for mid‑2027. Read the full
Here’s the latest news concerning climate change and biodiversity loss in B.C. and around the world, from the steps leaders are taking to address the problems, to all the up-to-date science. Human activities like burning fossil fuels and farming livestock are the main drivers of climate change, according to the UN’s intergovernmental panel on climate change. The panel, which is made up of scientists from around the world, including researchers from B.C., has … issued a code red for humanity and warns the window to limit warming to 1.5 C above pre-industrial times is closing. …El Niño — a climate cycle that causes unusually warm ocean surface temperatures in the equatorial Pacific, altering global weather patterns — has begun and is expected to grow to historical strength, the U.S. National Oceanic and Atmospheric Administration 
Wildfires in permafrost regions, intensified by climate change and shifting fire regimes, are increasingly disrupting permafrost systems. At the same time, the presence of permafrost amplifies the extent and complexity of wildfire impacts across the Permafrost Critical Zone (PCZ). In boreal forests and landscapes with sporadic or isolated permafrost patches, wildfires rapidly increase ground temperatures and accelerate permafrost thaw, primarily due to vegetation loss and the combustion of insulating organic layers. These fire-induced changes can initiate irreversible processes. …Understanding the complex interactions and cascading effects between wildfires and permafrost thaw remains a major challenge. Unlike wildfires in non-permafrost regions, which are mainly driven by fuel loads and organic soil depth, fire behavior in the PCZ is additionally shaped by active layer thickness, near-surface permafrost conditions, and snow cover. These elements interact with cold-adapted vegetation and organic soils, influencing fire ignition, intensity, spread, and post-fire recovery.