Month: May 2010

The TTJ’s recent hardwood market report highlights the extent to to which the UK has shifted during the recession away from speculative purchasing towards just-in-time ordering. Hardwood traders are having to act “more than ever as the customer’s stock-holder” as manufacturers and merchants have responded to tight credit and uncertainty over future consumption by reducing their own stocks. The TTJ speculates that this effect is long term and that for many, especially smaller companies, today’s just-in-time approach may be the new norm.