Foldable shipping containers could help supply-chain crisis

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Foldable shipping containers could help supply-chain crisis
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These foldable shipping containers could help solve the supply-chain crisis

that over 110,000 empty containers were taking up space in port terminals in the nations largest ports in Southern California. that about 27% of the 20-foot equivalent shipping containers that passed through the world's ports were empty — contributing to about $20 billion in costs for the industry. Yin Liqin/China News Service via Getty Images.

Shao Hung Goh, a logistics and supply-chain lecturer at the Singapore University of Social Sciences, told the publication that carriers could save up to 57% in inland transportation costs by relying on foldable containers — even with the added purchase price of replacing old containers. According to Staxxon CEO George Kochanowski, carriers could fit five of his company's folded containers in the space of one.

"This one is designed to look like a container, act like a container, and fit into the system." Kochanowski said in a demo video from the company, which shows how the shipping container can be compressed.A Dutch company calledsaid it is creating a container that would save up to 37% in costs and emissions.

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