Risk management system

Search documents
The 19th Global Freight Forwarders Conference Concludes Successfully in Dubai
Globenewswireยท 2025-07-16 03:04
Core Insights - The 19th Global Freight Forwarders Conference hosted by JCtrans in Dubai gathered 1,237 logistics professionals and 752 enterprises from 74 countries, marking a significant milestone for the global freight forwarding industry [1] - The Middle Eastern logistics market is valued at $27.8 billion and is projected to grow to $39.2 billion in five years, with a compound annual growth rate of 7.1% [2] Company Developments - JCtrans serves over 11,000 paid members across 179 countries, with an annual renewal rate of 86% and facilitates over 2.2 million business matches annually through its AI-powered inquiry system [4] - The upgraded risk management system helped members avoid over 2,200 potential risks and recover approximately $185 million in claims [5] - JC Pay, a new settlement solution, has facilitated over $400 million in annual settlements, saving members millions in banking fees [6] Future Initiatives - JCtrans is planning upcoming conferences in Shanghai and Thailand, and will participate in the India International Cargo Show [8] - The company is set to launch JC Verified, a business capability certification service to enhance trust and collaboration [6] Networking and Collaboration - One-on-one business meetings at the conference facilitated initial cooperation agreements among participants, improving engagement efficiency [9] - Networking events, including a welcome cocktail reception and gala dinner, strengthened partnerships and fostered long-term cooperation [10] Industry Impact - The success of the Dubai Conference highlights JCtrans's leadership in the logistics sector and its commitment to building a collaborative logistics community [11]