NAICS Code 423440-40 - Shopping Carts & Baskets (Wholesale)
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NAICS Code 423440-40 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423440-40
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Tools
Tools commonly used in the Shopping Carts & Baskets (Wholesale) industry for day-to-day tasks and operations.
- Shopping cart corrals
- Cart retrieval systems
- Cart escalators
- Cart lifts
- Cart pushers
- Cart cleaning machines
- Cart repair tools
- Basket stackers
- Basket dollies
- Basket dividers
Industry Examples of Shopping Carts & Baskets (Wholesale)
Common products and services typical of NAICS Code 423440-40, illustrating the main business activities and contributions to the market.
- Plastic shopping carts
- Metal shopping carts
- Wire shopping carts
- Handheld shopping baskets
- Shopping cart liners
- Shopping cart wheels
- Shopping cart handles
- Shopping cart locks
- Shopping cart child seats
- Shopping basket dividers
Certifications, Compliance and Licenses for NAICS Code 423440-40 - Shopping Carts & Baskets (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- NSF International Certification: NSF International provides certification for products that meet public health and safety standards. Shopping carts and baskets that are NSF certified have been tested and verified to meet these standards, ensuring that they are safe for use in commercial settings.
- UL Certification: UL provides certification for products that meet safety and performance standards. Shopping carts and baskets that are UL certified have been tested and verified to meet these standards, ensuring that they are safe for use in commercial settings.
- OSHA Compliance: The Occupational Safety and Health Administration (OSHA) sets safety standards for workplaces in the United States. Shopping cart and basket wholesalers must comply with OSHA standards to ensure the safety of their employees.
- DOT Compliance: The Department of Transportation (DOT) sets regulations for the transportation of goods in the United States. Shopping cart and basket wholesalers must comply with DOT regulations when transporting their products.
- CPSC Compliance: The Consumer Product Safety Commission (CPSC) sets safety standards for consumer products in the United States. Shopping cart and basket wholesalers must comply with CPSC standards to ensure the safety of their customers.
History
A concise historical narrative of NAICS Code 423440-40 covering global milestones and recent developments within the United States.
- The history of the Shopping Carts & Baskets (Wholesale) industry dates back to the early 1930s when Sylvan Goldman, a grocery store owner in Oklahoma, invented the first shopping cart. The first shopping carts were made of metal and had a capacity of two baskets. In the 1950s, plastic shopping baskets were introduced, and in the 1970s, the first shopping carts with child seats were invented. The industry has continued to evolve, with advancements in materials, design, and technology. In recent years, the industry has seen an increased focus on sustainability, with the introduction of reusable shopping bags and carts made from recycled materials. In the United States, the industry has also been impacted by the COVID-19 pandemic, with increased demand for contactless shopping options and the implementation of safety measures in stores.
Future Outlook for Shopping Carts & Baskets (Wholesale)
The anticipated future trajectory of the NAICS 423440-40 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The shopping carts and baskets wholesale industry in the USA is expected to experience steady growth in the coming years. The industry is expected to benefit from the growth of the retail sector, which is projected to increase demand for shopping carts and baskets. Additionally, the increasing popularity of online shopping is expected to drive demand for shopping carts and baskets in warehouses and distribution centers. However, the industry may face challenges due to the increasing use of reusable bags and the growing trend of online shopping, which may reduce the need for shopping carts and baskets in physical stores. Overall, the industry is expected to experience moderate growth in the coming years.
Industry Innovations for NAICS Code 423440-40
Recent groundbreaking advancements and milestones in the Shopping Carts & Baskets (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Shopping Carts: These shopping carts are equipped with sensors and cameras that can detect items placed in the cart and provide customers with personalized recommendations and promotions based on their shopping history.
- Self-Driving Shopping Carts: These shopping carts are equipped with sensors and cameras that allow them to navigate through stores without the need for a human operator. This technology is still in the early stages of development but has the potential to revolutionize the shopping experience.
- Eco-Friendly Shopping Baskets: These shopping baskets are made from sustainable materials such as bamboo and recycled plastic and are designed to be reusable and long-lasting.
- Anti-Theft Shopping Carts: These shopping carts are equipped with sensors that can detect when a cart is being taken out of the store without being checked out. This technology can help reduce theft and improve store security.
- Customizable Shopping Carts: These shopping carts can be customized with different colors, logos, and designs to match the branding of a particular store or retailer.
NAICS Code 423440-40 - Shopping Carts & Baskets (Wholesale)
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