ASSESSMENT OF THE INFLUENCE OF RISKS ON THE DYNAMICS OF ECONOMIC INDICATORS IN THE FORESTRY INDUSTRY

Abstract

This article examines the impact of various risks on the dynamics of economic indicators in the forestry industry, a sector of critical importance for many national economies due to its role in providing essential raw materials. The research focuses on identifying and evaluating both macroeconomic and microeconomic risks that affect the forestry sector's financial stability and long-term growth prospects. The study uses a combination of qualitative and quantitative methodologies, including risk analysis models, statistical tools, and case studies of forestry enterprises, to assess the extent to which these risks influence key performance indicators such as profitability, production volumes, and investment attractiveness.

Particular attention is given to the challenges posed by macroeconomic factors such as global market volatility, exchange rate fluctuations, and changes in government policies, alongside microeconomic factors like operational inefficiencies, supply chain disruptions, and resource scarcity. The research also addresses the role of environmental risks, including the impact of climate change and biodiversity loss, which are becoming increasingly significant in shaping the operational dynamics of forestry enterprises.

The findings of the study underscore the importance of implementing effective risk management strategies to mitigate negative impacts on economic performance. The analysis demonstrates that industries with proactive risk management frameworks are better positioned to maintain resilience in the face of external shocks and sustain long-term profitability. Conversely, businesses that fail to adequately address risk factors may face significant financial losses, reduced market competitiveness, and operational instability.