Date: 2025-04-17 Page is: DBtxt003.php txt00021901 | |||||||||
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RUBBER / SAND / PEOPLE The United States is experiencing a shortage in rubber, sand and people. Original article: Burgess COMMENTARY Peter Burgess | |||||||||
| Why The U.S. Is Running Out Of Everything 793,204 views Mar 16, 2022 CNBC 2.64M subscribers The United States is experiencing a shortage in rubber, sand and people. Rubber is a critical raw material needed for car tires, personal protective equipment such as masks and gloves, and many more everyday products. Anytime you’re going anywhere, you’re using rubber. Now, supply chain disruptions have thrown the rubber industry into a tailspin. 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. Rubber producers are facing climate change, the Covid-19 pandemic, a destructive fungus and the fight for shipping containers. “We could be on the cusp of a rubber apocalypse,” Ohio State University professor Katrina Cornish told CNBC. Even though sand can be found in nearly every single country on Earth, the world could soon face a shortage of this crucial, under-appreciated commodity. In the last twenty years, sand use around the world has tripled, according to the UNEP. That’s far greater than the rate at which sand is being replenished. Additionally, the U.S. is facing an aging population, falling birth rate and economic recession caused by the Covid-19 pandemic. These issues will have huge implications on the size of the workforce and the consumer base. SEGMENTS: 00:00 What The Rubber ‘Apocalypse’ Means For The U.S. Economy 11:18 Why The World Is Running Out Of Sand 21:11 Is The U.S. Running Out Of People? » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Subscribe to CNBC PRO: https://cnb.cx/2NLi9AN What The Rubber ‘Apocalypse’ Means For The U.S. Economy #CNBC Why The U.S. Is Running Out Of Everything Chapters What The Rubber ‘Apocalypse’ Means For The U.S. Economy 0:00 Why The World Is Running Out Of Sand 11:18 Is The U.S. Running Out Of People? 21:11 | |||||||||