Aiming to make wholesale buying convenient, secure, and transparent, SAFQAT- an online B2B marketplace- will soon debut in the UAE market. Replacing traditional one-on-one interactions, SAFQAT provides a streamlined one-to-many model that reinforces the supplier-buyer connection.
For years, eCommerce was considered to be a B2C game, a channel best suited for consumer brands and retail transactions. The market has witnessed major shifts in buyer behavior and B2B eCommerce is now challenging the authority of traditional sales channels with B2B reaching a worldwide market value of $7.7 trillion, as opposed to the $2.3 trillion of B2C.
The platform aims for suppliers to reach restaurants, caterers, supermarkets, and grocery stores with a simple click, making this platform a one-for-all business solution. With a quick registration process, Safqat will provide market access to over 2,000 active buyers, enabling suppliers to access potential buyers worldwide. Unlike similar platforms in the region, SAFQAT stands different by offering commission-free transactions for both buyers and sellers. SAFQAT will also allow members to try and test the products before their final purchase orders, thereby mimicking the advantage of a conventional purchase process.
The platform uses best-in-class technology, which ensures reliable communication between partners. With round-the-clock support, transparent order tracking, and AI-driven logistics to innovate financing, SAFQAT will be a hub of F&B suppliers open for 365 days 24/7 for potential buyers. The registration process is simple and can be done by clicking on the website.
Khaled AlShanqiti, F&B Entrepreneur, CEO, and Co-founder of SAFQAT, said, “Being in the F&B market for several years, we have observed numerous issues that buyers and suppliers face on a day-to-day basis when it comes to supply-chain management. In addition to competitive prices, buyers struggle with finding reliable and trusted suppliers, alternative options, and sourcing new products in the market. As a result, we realized a genuine need for a platform to connect the F&B businesses, and hence the idea for SAFQAT was born two years ago.”
“Those in the F&B market know its volatility as some product costs become higher or even suddenly available. Therefore, we aim to provide a quick, transparent, fully digitized buying and selling experience to ensure optimal supply-chain management in good and bad times,” he added. With round-the-clock support, transparent order tracking, and AI-driven logistics to innovate financing, Safqat aims to be a hub of F&B suppliers, open for 365 days, 24/7 for potential buyers.