Core Insights - The article discusses the evolution of commodity trading from "Trade 1.0" to "Trade 2.0" and now to "Service 3.0," highlighting the importance of risk management in the current market environment [1][2][10] - Companies like Jiayue Commodity Group and Zhejiang Hangshi Shancheng are leading this transformation by integrating futures tools into their service offerings, providing clients with risk management solutions [2][3][4] Group 1: Industry Evolution - The transition from "Trade 1.0" to "Trade 2.0" was driven by the need for effective risk management tools to combat price volatility and market uncertainties faced by enterprises [1][2] - The current "Service 3.0" era focuses on providing comprehensive solutions that integrate logistics, finance, information, and technology, allowing for end-to-end service offerings [7][10] - The rise of geopolitical tensions, global monetary policies, and environmental strategies has intensified the need for companies to manage price risks effectively [2][5] Group 2: Company Strategies - Jiayue Commodity Group has embedded a futures-based approach into its operations, allowing it to serve as a risk management consultant rather than just a trader [3][4] - The company aims to create value for clients by transferring risks through futures tools and focusing on identifying and exploiting price discrepancies within the supply chain [4][8] - Hangshi Shancheng emphasizes a research-driven approach, integrating supply and demand analysis with flexible futures and options strategies to address client needs [10][11] Group 3: Risk Management Practices - Companies face three main risks: rising raw material costs, inventory devaluation, and narrowing price differentials, all of which can threaten profitability [5][6] - Effective risk management has become a core competency, with firms needing to shift from profit maximization to operational stability [2][10] - The use of basis trading and options embedded in contracts allows companies to manage price risks while maintaining operational flexibility [8][9] Group 4: Future Outlook - The increasing availability of futures products is expected to enhance risk management capabilities across various industries, making it a fundamental aspect of business strategy [13][14] - As companies evolve from passive risk bearers to active risk managers, the role of service providers will also deepen, necessitating customized solutions for clients [13][14] - The integration of a robust derivatives market with solid industrial foundations is crucial for building resilient supply chains and enhancing the overall stability of the economy [14]