Page 17 - D16489 - LBMAO - Jul-Aug-2020 REPORTER - web optimized

started to get a premium for our logs
over the fall pricing. We believed we were
going to see some cedar shortages come
the spring and into the summer (even if
COVID-19 didn’t hit) as we usually do.
We were ready for it; but when COVID-19
and the government classified us an
essential business, we were definitely
not ready for the unforeseen fast draw
on lumber products. It was great that
the government classified us an essential
business. It was a good decision to keep
the economy rolling. However, it put us
in unchartered waters. There’s no doubt
that all the retailers are busy. People
are staying home and spending their
money on home projects. They have the
time. The unforeseen surge in demand
for lumber products just outstripped the
normal seasonal inventories available
from vendors. We’re going to be into this
shortage until the fall or early winter,
or maybe even longer, until suppliers
can play catch-up...hence the reason BC mills, much of which is due to the Forest Products and our loyal suppliers
for the unusually long fill rates that government program for emergency are working hard to ensure that we
you’re seeing in different industries. I’m wage relief. As this program ceases, we are stocked so we can take care of our
sure things will loosen up and return to will hopefully see more people seeking customers. We will continue to offer our
normal once we start to see normalcy work. FOHC and HC Fir Timbers, Dimensional
in our economy, but I think the demand Knowing what to expect in the near Pine and Home Boards (AKA Barn
will stay strong for lumber products future, what awaits us during COVID-19 Boards), Pinnacle™ Engineered Shingle
until winter, as several homeowners and and seeing a POST COVID-19, is truly an Panel, 100% PVC Endeck Decking and, of
contractors will be playing catch-up. We unknown. course, our flagship Pinnacle™ Cedar line
are also seeing a labour shortage at our All I know is that everyone at National in both Knotty and Clear."

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www.lbmao.on.ca LBMAO Reporter - July-August 2020 17