Market players, organizations and developers have been striving to solve problems in various end-user industries such as food and beverage transportation by utilizing shipping containers. The recent crisis in the transportation industry states the shortage of shipping containers.
The usage of containers is not limited to transportation. They can also be utilized for building a food hub that can store food and distribute fresh food whenever an event is organized. Organizations have taken necessary steps to transform a shipping container into a refrigerated food hub to offer food to those who cannot afford.
The demand for shipping containers for different end uses would continue to rise in the coming years. According to a report published by Allied Market Research, the global shipping container market is expected to generate $12.08 billion by 2027.
One of the major existing issues is shortage of shipping containers that affected the trade across national and international borders. To overcome the shortage of shipping containers, the Federation of Indian Exports Organization (FIEO) created an online marketplace to bring exporters and shipping lines, manufacturers and freight forwarders together in one place. Through this portal, demands can be posted online and container providers can fulfill the demand accordingly.
Exporters need to specify number of containers, type of containers, source and destination ports and urgency of the order. Through these demands, supply can be streamlined as per the demand in the country. This gives exposure to both parties and becomes a bridge in fulfilling the shortage of demand. Though this portal enhances the understanding of container requirements in the current scenario, it helps policymakers in understanding the depth of the crisis along with the ground-level assessment of container requirements.
The usage of shipping containers is not limited to transportation of goods. These containers can be utilized in innovative ways such as food hubs.
The innovation for shipping containers is endless.