Some 74 per cent of freight forwarders recognise the market opportunity for Shipper-owned containers (SOCs).
According to Container xChange, market volatilities triggered by global supply chain crises over the past two years have been to thank for the recent receptiveness towards SOCs.
A thriving environment for SOCs subsequently followed, particularly in Asia which developed as a key market for SOCs.
International freight forwarding company, Pudong Prime, observed that due to lower pick-up charges and D&D charges there was a competitive advantage of SOCs over Carrier-owned Containers (COCs).
Co-Founder and CEO of Container xChange, Christian Roeloffs, said: “The rise in awareness for SOCs shows that industry participants are responding to the supply-chain pressures by diversifying their sourcing strategy.”
Commenting on the newfound opportunity in the SOCs market, Wilson Le, Marketing Development Strategy, Pudong Prime said: “We have gained a competitive advantage with SOCs as compared to the high detention charges and equipment shortage associated with COCs. We’ve achieved a cost advantage due to the lower pick-up charges with SOCs compared to COCs.”
Through the Container xChange platform, Pudong Prime has increased the volume of containers leased through making 16 new partners and leasing 659 containers to 18 locations in North America and Canada.