TECHGuru

  Rental Programs Help Tractor Manufacturers to Tide over Uncertainty with COVID-19 Pandemic Agricultural raw material prices are anticipated to remain low during November and December 2020 in the coronavirus (COVID-19) era. The World Bank’s Raw Materials Price Index projects prices for agricultural raw materials, such as natural rubber, will gauge a modest recovery by the first quarter of 2021. However, the recovery is not expected to offset the losses incurred in 2020. Pandemic-related mobility restrictions have caused a slowdown in economic growth of the  agriculture tire & tire cord market . Tractor makers are expected to innovate in vehicles to bolster volumes during the COVID-19 pandemic. Though tractor sales are gaining momentum, manufacturers need to innovate in vehicles to tide over uncertainties stemming from the pandemic. Rental programs and shared business usage models are projected to revive growth in the agriculture tire & tire cord market....