NAICS Code 423310-29 - Lumber (Wholesale)Marketing Level - NAICS 8-Digit
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NAICS Code 423310-29 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423310-29
Parent Code (less specific)
Tools commonly used in the Lumber (Wholesale) industry for day-to-day tasks and operations.
- Circular saws
- Band saws
- Nail guns
- Staple guns
- Hand saws
- Measuring tapes
- Dust collectors
- Safety goggles
Industry Examples of Lumber (Wholesale)
Common products and services typical of NAICS Code 423310-29, illustrating the main business activities and contributions to the market.
- Woodworking companies
- Home improvement stores
- Construction companies
- Furniture manufacturers
- Flooring companies
- Deck builders
- Fence installers
- Cabinet makers
- Shed builders
- Pallet manufacturers
Certifications, Compliance and Licenses for NAICS Code 423310-29 - Lumber (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Forest Stewardship Council (FSC) Certification: The FSC certification ensures that the wood products are sourced from responsibly managed forests. The certification is provided by the Forest Stewardship Council.
- Sustainable Forestry Initiative (SFI) Certification: The SFI certification ensures that the wood products are sourced from responsible and sustainable forestry practices. The certification is provided by the Sustainable Forestry Initiative.
- Programme for the Endorsement Of Forest Certification (PEFC) Certification: The PEFC certification ensures that the wood products are sourced from sustainably managed forests. The certification is provided by the Programme for the Endorsement of Forest Certification.
- Occupational Safety and Health Administration (OSHA) Certification: The OSHA certification ensures that the workplace is safe and healthy for employees. The certification is provided by the Occupational Safety and Health Administration.
- Environmental Protection Agency (EPA) Certification: The EPA certification ensures that the wood products meet the environmental standards set by the Environmental Protection Agency. The certification is provided by the Environmental Protection Agency.
A concise historical narrative of NAICS Code 423310-29 covering global milestones and recent developments within the United States.
- The Lumber (Wholesale) industry has a long history dating back to the early days of human civilization. The ancient Egyptians, Greeks, and Romans all used wood for construction and furniture. In the Middle Ages, lumber was used for shipbuilding and the construction of castles and cathedrals. In the United States, the lumber industry began in the 17th century with the establishment of sawmills in New England. The industry grew rapidly in the 19th century with the expansion of the railroad system, which made it easier to transport lumber across the country. In the 20th century, the industry faced challenges such as the Great Depression, the decline of old-growth forests, and environmental concerns. However, technological advancements such as computerized saws and kilns have helped the industry to remain competitive. In recent history, the Lumber (Wholesale) industry in the United States has faced challenges such as the housing market crash of 2008 and the COVID-19 pandemic. However, the industry has also seen growth due to the increasing demand for sustainable and eco-friendly building materials. The use of cross-laminated timber (CLT) in construction has also created new opportunities for the industry. Overall, the Lumber (Wholesale) industry has a rich history and continues to play an important role in the construction and furniture industries.
Future Outlook for Lumber (Wholesale)
The anticipated future trajectory of the NAICS 423310-29 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
Growth Prediction: StableThe future outlook for the Lumber (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for wood products in the construction industry. The rise in construction activities, especially in the residential sector, is expected to drive the demand for lumber products. Additionally, the increasing popularity of wooden furniture and home decor items is also expected to contribute to the growth of the industry. However, the industry may face challenges due to the rising competition from substitute products such as steel and concrete. The industry players are expected to focus on innovation and sustainability to stay competitive in the market.
Industry Innovations for NAICS Code 423310-29
Recent groundbreaking advancements and milestones in the Lumber (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Use Of Drones for Forest Management: Drones are being used to monitor and manage forests, which can help in identifying areas that need attention and reducing the risk of forest fires.
- Development Of Cross-Laminated Timber: Cross-laminated timber is a new type of engineered wood that is stronger and more durable than traditional wood products. It is being used in the construction of tall buildings and other structures.
- Adoption Of Sustainable Practices: Many companies in the industry are adopting sustainable practices such as responsible sourcing of wood and reducing waste. This is not only good for the environment but also helps in building a positive brand image.
- Use Of Automation and Robotics: Automation and robotics are being used in the industry to improve efficiency and reduce labor costs. This can help in increasing productivity and reducing the time required for processing and handling wood products.
- Introduction Of New Wood Products: Companies are introducing new wood products such as thermally modified wood, which is more durable and resistant to decay. These products can help in meeting the changing demands of customers and staying competitive in the market.
NAICS Code 423310-29 - Lumber (Wholesale)
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