FOR IMMEDIATE RELEASE
SARASOTA, Fla., Aug. 5, 2024 /PRNewswire-PRWeb/ — Advantage Lumber, a leading provider of premium hardwood decking and lumber, announces that effective November 25, 2024, two popular decking hardwoods, Ipe and Cumaru, will be added to the mandatory CITES (Convention on International Trade in Endangered Species of Wild Fauna and Flora) system. This international agreement, which regulates the trade of certain plant and animal species, is designed to ensure sustainable trade practices and prevent overharvesting.
CITES is an international treaty aimed at protecting wildlife by controlling international trade in certain species. Ipe and Cumaru, both prized for their durability and aesthetic appeal, are being listed under CITES due to their high demand and potential risk of overexploitation. While these species are categorized at the lowest level of significance within CITES—meaning they are not currently considered endangered—the listing is intended to regulate their export and maintain their availability for future generations.
The implementation of CITES regulations introduces an additional layer of bureaucracy for the hardwood industry. This comes on top of the existing regulatory framework involving more than 15 permits required for selective harvesting, milling, and transporting wood products. The complexity of these new requirements mirrors the regulatory burden seen in industries such as pharmaceuticals, military products, and banking services. Although CITES’ objective is to safeguard species while permitting sustainable consumption, the increased red tape and insufficient preparation by producing countries pose significant challenges.
Past inclusion of species like Rosewood and Mahogany in the CITES system has already demonstrated the impact of such regulations. These cases have shown that while CITES aims to protect threatened species, the restrictive quotas and permitting processes have led to a significant reduction in the number of U.S. importers and have intensified operational challenges for those involved in the trade.
Advantage Lumber has long been at the forefront of sustainable sourcing and compliance. CEO and Founder Rob Pelc remarked, “We recognized early on that investing in legal and sustainable material sourcing was crucial. Over 30 years ago, we prioritized these values before they became industry buzzwords. As we face these new challenges, our established compliance programs and extensive investments in sourcing teams will enable us to navigate these changes effectively. While the increased regulatory burden will impact the industry, we are well-positioned to meet these challenges head-on.”
Currently, Advantage Lumber boasts one of the largest inventories of specialty hardwoods in the U.S., including Ipe, Cumaru, and other sought-after species. As the new CITES regulations approach, the company is working to ensure that its inventory can bridge the expected delays and disruptions. Despite the challenges posed by increased costs of business lines of credit, financing costs, and port strikes in producing countries, Advantage Lumber is committed to maintaining a robust supply for its customers.
Contractors and customers are advised to plan accordingly, considering options such as early procurement of materials or adjusting construction contracts to accommodate potential price fluctuations. Advantage Lumber remains dedicated to supporting its clients through these transitions and ensuring the continued availability of high-quality hardwood products.
For further information or inquiries, please visit our website at www.AdvantageLumber.com.
About Advantage Lumber
Advantage Lumber is a premier supplier of high-quality hardwood decking, flooring, and lumber. With over 30 years in the industry, the company is dedicated to providing exceptional products while upholding the highest standards of sustainability and compliance. Advantage Lumber offers a diverse range of hardwoods, including Ipe, Cumaru, and plantation teak, used in high-end construction projects and woodworking
Media Contact
Dan Ivancic, Advantage Lumber, LLC, 1 716-827-3915, divancic@advantagelumber.com, AdvantageLumber.com
SOURCE Advantage Lumber, LLC
