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The COVID-19 pandemic has disrupted supply chains all over the world, causing domestic shortages of products like produce, meat, and toilet paper on grocery store shelves. Prescription drugs, whose main ingredients come from China and are produced in India, will become in short supply because the countries are locked down and not shipping to the U.S.
Challenges exist within many transportation departments, including a lack of drivers, new hours of service rules, fluctuating demand, and higher prices.
According to Grand View Research, the global adhesives and sealants market was valued at $52.6 billion in 2017 and is expected to witness a CAGR of 5.6% from 2018-2025. Increasing demand from automotive, construction, packaging, furniture, footwear, and pressure-sensitive applications are primary factors driving growth.