A process of heat shrinking an article is provided. The process includes shaping a thermoplastic vulcanizate (TPV) into an article, the TPV having: a partially vulcanized rubber dispersed in a continuous thermoplastic phase, wherein more than 5 wt % of the rubber is extractable in boiling xylene, and wherein the thermoplastic phase comprises a thermoplastic resin having a Tm>110° C. and a propylene-based elastomer (PBE) having a Tm