NAICS Code 423920-23 - Wholesalers

Marketing Level - NAICS 8-Digit

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NAICS CODE 423920-23
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NAICS Code 423920-23 Description (8-Digit)

Wholesalers are companies that purchase goods in bulk from manufacturers and sell them to retailers or other businesses. They act as intermediaries between manufacturers and retailers, providing a range of products at a lower cost than retailers would be able to obtain by purchasing directly from the manufacturer. Wholesalers may specialize in a particular type of product or offer a wide range of products across multiple industries. They may also provide additional services such as storage, shipping, and financing to their customers.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 423920 page

Tools

Tools commonly used in the Wholesalers industry for day-to-day tasks and operations.

  • Inventory management software
  • Order management software
  • Warehouse management software
  • Transportation management software
  • Barcode scanners
  • Pallet jacks
  • Forklifts
  • Packaging equipment
  • Label printers
  • Hand trucks

Industry Examples of Wholesalers

Common products and services typical of NAICS Code 423920-23, illustrating the main business activities and contributions to the market.

  • Food and beverage wholesalers
  • Clothing and apparel wholesalers
  • Electronics wholesalers
  • Beauty and personal care wholesalers
  • Home goods wholesalers
  • Office supply wholesalers
  • Automotive parts wholesalers
  • Sporting goods wholesalers
  • Medical equipment wholesalers
  • Pet supply wholesalers

History

A concise historical narrative of NAICS Code 423920-23 covering global milestones and recent developments within the United States.

  • The Wholesalers industry has a long history dating back to the 18th century when the first wholesale markets were established in Europe. The industry has since grown to become a vital part of the global economy, with wholesalers playing a crucial role in the distribution of goods across the world. In the United States, the industry has seen significant growth since the 19th century, with the establishment of large-scale wholesale markets in major cities such as New York and Chicago. The industry has also undergone significant changes in recent years, with the rise of e-commerce and the increasing use of technology in the distribution of goods. Today, the Wholesalers industry is a major contributor to the US economy, providing employment to millions of people and generating billions of dollars in revenue each year.