ABOUT THE PLATFORM
Surplus Market is a facilitator, enabling businesses and enterprises in Qatar to successfully liquidate THE SLOB and turn it into diamonds. We ensure these kinds of inventory do not go to waste, or end up in landfills, or head for incineration.
Wait, what’s THE SLOB?
SLOB=SLow and OBsolete inventory —an umbrella term which covers distressed assets, like dead, obsolete, slow-moving, bankrupt, or near-expiry stock.
Discover the full potential of distressed stock.
We do not follow strict separation between buyers and sellers; any former buyer can list for bulk clearance as seller on our platform, and vice versa. Our focus is on clearing out THE SLOB, by promoting trading of assets. All the inventory whose sale we facilitate are in stock of respective sellers. We maintain no additional warehouses of our own and ship straight from seller warehouses or fulfilment centres. Our platform allows wholesale clearance businesses to reach a broader audience in Qatar.
- Shipped straight from warehouses/fulfilment centres
- Rigorous quality checks before listing
- Top notch logistics
We Are Enablers Of Environmentally-Responsible
Enterprise In Qatar.
Our model enables a win-win situation for both buyers, sellers and the planet.
We align ourselves with global environmental and climate-positive goals, networking extensively and seeking assistance from organizations committed to fulfilling these same goals. Our platform is not exclusive to B2B trading, but caters to B2C trading as well. Using Surplus Market means that you help us turn THE SLOB into DIAMONDS!
We make inventory liquidation innovative, interactive and inclusive, creating a community of buyers and sellers in symbiosis.
OUR IMPACT
It’s not just individual buyers, sellers, and Surplus Market executives making a difference, it’s WE. We are an environmentally responsible and climate-positive platform. Learn how buyers and sellers are partnering with surplus market to make the world a better place.
Circular Economy
Maximising Resource Value
Surplus Market promotes rescuing and rerouting of distressed assets by providing an alternate, low footprint resale platform. Trading on our platform is more viable, cost-efficient, and less polluting than disposing of the distressed assets cheaply, thereby preventing the creation of wholesale business waste. This way the lifecycle of already manufactured assets are maximised, along with recapturing their value. This is also creates additional revenue opportunities for both buyers and sellers. This is Circular Economy - a great premise of ensuring economic prosperity while also ensuring environmental quality and sustainability. As opposed to the linear model of economy where resources are consumed and disposed of as waste; circular economy focuses on increasing restorative, regenerative and re-purposeful cycling of products and materials within the economic system, thereby reducing emissions and virgin material use. This is done across the entire value chain of products. The 'R frameworks', or more commonly the '3R' framework of Reduce, Reuse and Recycle; are key aspects of circular economy.
Sustainable Development
Promoting Resource Longevity
We maximise value of inventory and avoid the triple loss conundrum-for
businesses, for consumers/users, and for the environment.
Manufacture of fresh inventory and virgin material consumes resources and
energy, which may be finite in availability. By facilitating trade in distressed
assets, we are catering to a small, but significant percentage of the net demand
for inventory/virgin material in the supply chain. This keeps in check patterns
of demand, with respect to the limit of resources, thereby enhancing
sustainability. It ensures that the productivity of resources already consumed
in manufacturing and distribution are maximised. It also indirectly contributes
to strengthening the resilience of the economy to unaccounted fluctuations in
demand-supply equilibrium.
Carbon Offset
Mediating Climate Impact
Surplus Market provides a platform for reclaiming distressed assets (which
would otherwise end up following traditional modes of waste disposal). This
modulates greenhouse gas emissions by reducing the need for fresh
manufacturing and production, which are large contributors to
greenhouse gas emissions. We also prevent unsold and distressed
assets following highly-polluting modes of waste disposal.
Increased build-up of greenhouse gases, especially carbon dioxide
(CO2) in the atmosphere, poses one of the biggest challenges for the
planet- climate change, global warming and abrupt disruption of
biogeochemical cycles at regional scales. This happens largely due to
human activities, especially large-scale industrial processes.
We are part of global carbon offsetting efforts undertaken by organizations, governments and corporations and aimed at supporting projects which contribute to either reduction in carbon dioxide emissions, or, removal/storage of carbon dioxide from the air, as outlined in the Clean Development Mechanism (CDM) in Article 12 of the Kyoto Protocol. This allows entities in developed countries to support offset projects in developing countries and earn saleable certified emission reduction (CER) credits, each equivalent to one tonne of CO2.
ALIGNMENT WITH GLOBAL AND NATIONAL GOALS
Sustainable Development Goals
Key goal
Goal 12.7: Promote public procurement practices that are sustainable, in accordance with national policies and priorities.
Other goals
Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
- 9.2: Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product, in line with national circumstances, and double its share in least developed countries.
- 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities.
- 9.5: Enhance scientific research, upgrade the technological capabilities of industrial sectors in all countries, in particular developing countries, including, by 2030, encouraging innovation and substantially increasing the number of research and development workers per 1 million people and public and private research and development spending.
- 9.b: Support domestic technology development, research and innovation in developing countries, including by ensuring a conducive policy environment for, inter alia, industrial diversification and value addition to commodities.
Goal 12: Ensure sustainable consumption and production patterns
- 12.4: By 2030, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water and soil in order to minimize their adverse impacts on human health and the environment.
- 12.5: By 2030, substantially reduce waste generation through prevention, reduction, recycling and reuse.
- 12.6: Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle.
- 12.7: Promote public procurement practices that are sustainable, in accordance with national policies and priorities.
- 12.a: Support developing countries to strengthen their scientific and technological capacity to move towards more sustainable patterns of consumption and production.
Qatar National Vision 2030
Economic Development
- Optimum exploitation of hydrocarbon resources, establishing a balance between reserves and production, and between economic diversification and the degree of depletion.
- The long term maintenance of strategic reserves of oil and gas to meet the needs of national security and sustainable development.
Environmental Development
- Effective and sophisticated environmental institutions that build and strengthen public awareness about environmental protection, and encourage the use of environmentally sound technologies. These institutions will also conduct awareness raising campaigns, employ environmental planning tools, and carry out environmental research.