The average age of light vehicles in operation in the U.S. has risen to 12.2 years in 2022, marking the fifth straight year the average vehicle age has increased.
A tire importer has filed a complaint with the Federal Maritime Commission alleging that Evergreen Group, one of the world’s largest maritime shippers, has exploited its customers and manipulated the market to increase prices and profits.
From surprise acquisitions to supply chain, pricing and labor challenges, 2021 delivered plenty of punches. Industry analyst John Healy has tracked them all and has insights for tire dealers of what issues will be the most important to monitor in the months ahead.
The supply chain issues have escalated all the way to the White House and this week President Joe Biden unveiled efforts and initiatives to relieve bottlenecks, including those affecting the tire industry at the all-important Ports of Los Angeles and Long Beach.
Continental AG "is extending its commitment to sustainability in the natural rubber supply chain" as it works toward its goal of achieving 100% sustainable supply chains by the year 2050.
