What The Rubber ‘Apocalypse’ Means For The U.S. Economy
Written by IMN on 15 Jul 2021
The global economy now faces a rubber shortage. This because of multiple supply chain disruptions.
“We could be on the cusp of a rubber apocalypse,” Ohio State University professor Katrina Cornish told CNBC. Rubber producers are working against all odds: climate change, disease and the fight for shipping containers.
The global rubber market was valued at nearly $40 billion in 2020, but one analysis predicts the natural rubber market could be worth nearly $68.5 billion by 2026. Find out more below.