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Goodyear Tire CEO says company has enough supply to blunt looming rubber shortage – CNBC

Goodyear Tire & Rubber CEO Rich Kramer dismissed concerns that a looming rubber shortage could negatively impact business.

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Goodyear Tire & Rubber CEO Rich Kramer told CNBC Tuesday that he doesn’t expect a looming shortage in rubber to hurt the tire manufacturer.
Concerns over a low supply of rubber, made from rubber trees mostly grown in Southeast Asia, is the latest problem facing automakers already struggling with a lack of semiconductors.
When asked if the company has enough of the material to produce tires for cars, Kramer said, “short answer is: We do.”
“Essentially what you see happening is either speculation…

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