World Rubber Summit: Explores New Opportunities of Sustainable Growth

Due to the Covid-19 pandemic, the global economy has witnessed one of the worst economic crises in history. It has exposed flaws in our economic and social systems in many countries and rolled back decades of progress on poverty reduction, exposing social and economic equalities. The rubber economy has not been an exception.

The World Rubber Summit 2021, was a prime opportunity for leaders, experts, government representatives and NGOs to discuss the current status of the rubber industry and explore the way forward to achieve sustainable and inclusive growth. This year’s WRS featured the very timely theme, ‘Facing the Future: Inclusiveness, Sustainability and Growth for the Next Normal’.

Salvatore Pinizzotto, Secretary-General of International Rubber Study Group, has pointed out that the main point that emerged during the World Rubber Summit is the need to formulate policies and put into place people-centred actions. “If we look at the natural rubber sector alone, it sustains 40 million people with their families around the globe with a supply chain generating more than USD 300 billion. To build an inclusive and sustainable rubber community, we need to work at local, national and international level – there is not a ‘one-size-fits-all’ solution – putting in place innovative forms of cooperation across national borders and a variety of actors – governments, business, academia and civil society.”

Read the full article published in Tyre Trends by clicking here.