The COVID-19 pandemic has had a huge impact on the planet, not just in terms of health, but in almost every area of life. Economic activities are included in this. The auto industry, in particular, has suffered significant losses as a result of the outbreak.
Automobile manufacturers have recently been hampered by a global shortage of computer chips. This scarcity has already put a halt to the development of a number of vehicles around the world. According to Bloomberg, the scarcity of tree plantations in Southeast Asia is foreshadowing a global tire shortage.
According to Bloomberg, after the resumption of global business operations, the market for tires has skyrocketed, and there aren’t enough resources to meet the demand. Rubber farmers were unable to plant enough trees to satisfy current demand due to the pandemic.
Existing trees were also destroyed or contaminated as a result of the floods. These additional losses have caused the scarcity.
Even if more trees are planted now, there will be a shortage before the plant is ready to harvest. Rubber tree leaves take at least seven years to mature, according to the study.
