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Adapting to the Tire Shortage

Published Friday, July 01, 2005

The big players in the tire industry including Michelin, Goodyear and Bridgestone Firestone are producing at maximum capacity, and tires still are in short supply. Booming wars and economies in foreign lands continue to choke the world's supply of tires and other resources. And next year's demand should be just as strong. In response to the demand and rising costs, many manufacturers are boosting prices including Goodyear that announced increases as high as 6% in May. Murray Arcaro, maintenance supervisor for Georgian Aggregates and Construction in Collingwood, Ontario, says his production costs already have increased by 15% to ...

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