Abstract: The present invention provides a collapsible foam shipping cooler and a process for producing the collapsible cooler. The collapsible cooler includes a linear series of attached side panel sections where each of the adjacent side panel sections are separated by a V groove formed by 45° beveled cuts made in a ends of each of the sections, and an adhesive tape flexible hinge is attached on the side of the panels opposite the V groove. The series of attached side panel sections is movable between a collapsed storage mode and an assembled mode where the series of sections are arranged to form a closed rectangular loop with top and bottom perimeter edges. Top and bottom foam panels contact the top and bottom edges of the closed loop to form a closed insulated cooler which is matingly received in a conventional corrugated box shipping container.