NAICS Code 424120-26 - Price Marking Equipment & Supplies (Wholesale)
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NAICS Code 424120-26 Description (8-Digit)
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Tools
Tools commonly used in the Price Marking Equipment & Supplies (Wholesale) industry for day-to-day tasks and operations.
- Price guns
- Labels and stickers
- Ink rollers
- Ink cartridges
- Label dispensers
- Tagging guns
- Tagging needles
- Tagging fasteners
- Label rewinder machines
- Label printers
Industry Examples of Price Marking Equipment & Supplies (Wholesale)
Common products and services typical of NAICS Code 424120-26, illustrating the main business activities and contributions to the market.
- Price guns and labels for grocery stores
- Tagging guns and fasteners for clothing retailers
- Label printers and ink cartridges for warehouses
- Label dispensers and stickers for office supply stores
- Ink rollers and label rewinder machines for manufacturing plants
- Tagging needles and fasteners for jewelry stores
- Label printers and labels for shipping and logistics companies
- Price guns and labels for hardware stores
- Tagging guns and fasteners for toy stores
- Label dispensers and stickers for gift shops
Certifications, Compliance and Licenses for NAICS Code 424120-26 - Price Marking Equipment & Supplies (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Occupational Safety and Health Administration (OSHA) Certification: This certification is required for workers who handle hazardous materials and equipment. It ensures that workers are trained in the proper handling and disposal of hazardous materials and equipment. The certification is provided by the Occupational Safety and Health Administration (OSHA).
- National Institute for Occupational Safety and Health (NIOSH) Certification: This certification is required for workers who handle respiratory protection equipment. It ensures that workers are trained in the proper use and maintenance of respiratory protection equipment. The certification is provided by the National Institute for Occupational Safety and Health (NIOSH).
- National Fire Protection Association (NFPA) Certification: This certification is required for workers who handle fire protection equipment. It ensures that workers are trained in the proper use and maintenance of fire protection equipment. The certification is provided by the National Fire Protection Association (NFPA).
- International Organization for Standardization (ISO) Certification: This certification is required for businesses that want to demonstrate their commitment to quality management. It ensures that businesses have a quality management system in place that meets international standards. The certification is provided by the International Organization for Standardization (ISO).
- Underwriters Laboratories (UL) Certification: This certification is required for products that are sold in the US. It ensures that products meet safety and performance standards. The certification is provided by Underwriters Laboratories (UL).
History
A concise historical narrative of NAICS Code 424120-26 covering global milestones and recent developments within the United States.
- The "Price Marking Equipment & Supplies (Wholesale)" industry has a long history dating back to the early 1900s when the first price marking machines were invented. These machines were initially used in retail stores to mark prices on products, but soon the demand for these machines grew, and they became a staple in the wholesale industry as well. In the 1960s, the first electronic price marking machines were introduced, which revolutionized the industry. These machines were faster, more accurate, and could store more information than their mechanical counterparts. In recent years, the industry has seen a shift towards more advanced technologies, such as barcode scanners and RFID tags, which have further improved the efficiency and accuracy of price marking. In the United States, the industry has seen steady growth over the past decade, driven by the increasing demand for automation and efficiency in the retail and wholesale sectors.
Future Outlook for Price Marking Equipment & Supplies (Wholesale)
The anticipated future trajectory of the NAICS 424120-26 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 Price Marking Equipment & Supplies (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for price marking equipment and supplies from retailers and businesses. The growth of e-commerce and online retailing is also expected to drive the demand for price marking equipment and supplies. The industry is also expected to benefit from the increasing adoption of automation and digitalization in the retail sector. However, the industry may face challenges such as increasing competition from online retailers and the availability of low-cost alternatives. Overall, the industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 424120-26
Recent groundbreaking advancements and milestones in the Price Marking Equipment & Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Price Tags: Smart price tags are electronic price tags that can be updated remotely. They are becoming increasingly popular in the retail sector as they allow retailers to update prices quickly and easily. Smart price tags can also be used to display product information and promotions, making them a versatile tool for retailers.
- Mobile Price Marking: Mobile price marking is a new technology that allows retailers to mark prices using a mobile device. This technology eliminates the need for traditional price marking equipment and supplies, making it a cost-effective solution for retailers.
- RFID Tagging: RFID tagging is a technology that uses radio waves to identify and track products. It is becoming increasingly popular in the retail sector as it allows retailers to track inventory and reduce theft. RFID tagging can also be used to automate the price marking process, making it faster and more efficient.
- Cloud-Based Price Marking: Cloud-based price marking is a new technology that allows retailers to update prices from anywhere using a cloud-based platform. This technology eliminates the need for traditional price marking equipment and supplies, making it a cost-effective solution for retailers.
- Automated Price Marking: Automated price marking is a technology that uses robots to mark prices on products. It is becoming increasingly popular in the retail sector as it allows retailers to automate the price marking process, making it faster and more efficient. Automated price marking can also be used to reduce errors and improve accuracy.
NAICS Code 424120-26 - Price Marking Equipment & Supplies (Wholesale)
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