What the impending rubber 'apocalypse' means for the U.S. economy

. For example, the U.S. imported $140 million worth of natural rubber in March 2021 alone, according to Census data.

The global natural rubber market was valued at nearly $40 billion in 2020, and demand for rubber is expected to increase.could be worth nearly $68.5 billion by 2026. One reason for the increased demand? Car tires. "We are using tires more and more," Stefano Savi, director of the Global Platform for Sustainable Natural Rubber, told CNBC. "The amount of mileage that we're going to do as a global population is definitely bound to increase, and that's why the demand for rubber is really continuing to increase."

Watch the video above to learn more about why the natural rubber supply chain faces challenges, what natural rubber means for economies around the world, and what rubber innovations may look like in the future.

Source: News Formal (newsformal.com)

What The Rubber ‘Apocalypse’ Means For The U.S. Economy via YouTube

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A baby boom. 😉

Time to stock pile tires right next to my toilet paper.

good luck

Silver lining: More walking is good for your health.

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