PLASTICS Chief Economist Featured Speaker at 19th Annual Carpet Recycling Conference

The Plastics Industry Association’s (PLASTICS) Chief Economist, Perc Pineda, Ph.D. kicked off this year’s Carpet America Recovery Effort (CARE) at WASHINGTON. Annual meeting sharing wide-ranging economic analysis spanning global growth plans to data specific to the carpet sector. CARE’s mission is to develop market-based solutions that increase landfill alternatives and recycling of post-consumer carpets, encourage design for recyclability.

“It’s a pleasure to be part of CARE’s annual meeting once again,” Pineda quoted. Sharing his economic outlook to the attendees, his reassuring message that the economy is expected to remain on a growth path this year despite supply chain issues, inflationary pressures, and labor supply shortages lingering as the U.S. continues to recover during the pandemic.

With the observation, Pineda noted the rising US interest in carpets and floor coverings, the retail sale of building materials and supplies, with an average 17.2% month year- over year from May to December is 2020. Beginning of this year, the increase of 19.2% was visible. With the current demand for carpet and rugs, carpet recovery efforts are expecting to continue.

Praising CARE for the work they do, his closing statement to the attendees was, “Assuming no policy missteps and the risks of the coronavirus continue to diminish, and the economy is expected to remain on a growth path next year.”

Pineda’s words ensure that the carpet market is promising; Engaged stakeholders in the industry are continuously making strides for the production of economical, high-quality recyclable carpets.

For more details: www.plasticsindustry.org