NAICS Code 424120-08 - Corporation Supplies (Wholesale)
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NAICS Code 424120-08 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424120-08
Parent Code (less specific)
Tools
Tools commonly used in the Corporation Supplies (Wholesale) industry for day-to-day tasks and operations.
- Office furniture
- Computer peripherals
- Printers and scanners
- Telecommunications equipment
- Security systems
- Presentation equipment
- Storage solutions
- Cleaning supplies
- Breakroom supplies
- Shipping and packaging supplies
Industry Examples of Corporation Supplies (Wholesale)
Common products and services typical of NAICS Code 424120-08, illustrating the main business activities and contributions to the market.
- Desk organizers
- Whiteboards and markers
- Conference room tables
- Ergonomic chairs
- File cabinets
- Projectors and screens
- Shredders
- Coffee makers and supplies
- Bubble wrap and packing peanuts
- Shipping labels and envelopes
Certifications, Compliance and Licenses for NAICS Code 424120-08 - Corporation Supplies (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
- OSHA Hazard Communication Standard: This standard requires that employers provide information to their employees about the hazardous chemicals they work with. It is provided by the Occupational Safety and Health Administration (OSHA).
- DOT Hazardous Materials Transportation Certification: This certification is required for companies that transport hazardous materials. It is provided by the Department of Transportation (DOT).
- EPA Resource Conservation and Recovery Act (RCRA) Certification: This certification is required for companies that generate, transport, or dispose of hazardous waste. It is provided by the Environmental Protection Agency (EPA).
- National Association Of Chemical Distributors (NACD) Responsible Distribution Certification: This certification ensures that the company has a responsible distribution process in place for chemicals. It is provided by the National Association of Chemical Distributors (NACD).
History
A concise historical narrative of NAICS Code 424120-08 covering global milestones and recent developments within the United States.
- The Corporation Supplies (Wholesale) industry has a long history dating back to the early 20th century when companies started to specialize in providing office supplies to businesses. In the 1920s, the industry saw significant growth due to the increasing demand for office supplies and the rise of large corporations. The introduction of new technologies such as typewriters, telephones, and adding machines also contributed to the growth of the industry. In the United States, the industry continued to grow throughout the 20th century, with the introduction of new products such as computers, printers, and other electronic devices. In recent years, the industry has faced challenges due to the increasing use of digital technologies and the rise of e-commerce. However, the industry has adapted to these changes by offering a wider range of products and services, including online ordering and delivery. Overall, the Corporation Supplies (Wholesale) industry has a rich history of innovation and adaptation to changing market conditions.
Future Outlook for Corporation Supplies (Wholesale)
The anticipated future trajectory of the NAICS 424120-08 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 future outlook for the Corporation Supplies (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for office supplies and equipment from businesses and organizations. The rise of e-commerce and online marketplaces has also made it easier for wholesalers to reach a wider customer base. Additionally, the industry is expected to benefit from the growing trend of remote work, which has increased the need for home office supplies. However, the industry may face challenges such as increasing competition and the threat of substitutes. Overall, the industry is expected to continue growing in the coming years.
Industry Innovations for NAICS Code 424120-08
Recent groundbreaking advancements and milestones in the Corporation Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Office Supplies: With the rise of the Internet of Things (IoT), smart office supplies such as smart whiteboards, smart pens, and smart desks have become increasingly popular. These devices can help improve productivity and efficiency in the workplace.
- Sustainable Products: Many corporations are now looking for sustainable office supplies, such as recycled paper and eco-friendly pens. This trend is expected to continue as more companies prioritize sustainability.
- Customized Products: Wholesalers are now offering customized products such as branded pens, notebooks, and other office supplies. This allows businesses to promote their brand and create a unique identity.
- Online Marketplaces: The rise of e-commerce has made it easier for wholesalers to reach a wider customer base. Online marketplaces such as Amazon and Alibaba have become popular platforms for buying and selling office supplies.
- Contactless Payment: With the COVID-19 pandemic, many businesses are now adopting contactless payment methods to reduce the risk of transmission. Wholesalers are now offering contactless payment options such as mobile payments and online payments.
NAICS Code 424120-08 - Corporation Supplies (Wholesale)
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