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NAICS Code 424310-10 Description (8-Digit)

Dry Goods (Wholesale) is a subdivision of the NAICS Code 424310 that involves the wholesale distribution of piece goods, notions, and other dry goods. These goods are typically used in the production of clothing, home textiles, and other fabric-based products. Dry Goods (Wholesale) companies purchase these goods in bulk from manufacturers and then sell them to retailers, manufacturers, and other businesses.

Hierarchy Navigation for NAICS Code 424310-10

Tools

Tools commonly used in the Dry Goods (Wholesale) industry for day-to-day tasks and operations.

  • Fabric cutting machines
  • Sewing machines
  • Embroidery machines
  • Quilting machines
  • Fabric measuring tools
  • Fabric marking tools
  • Fabric scissors
  • Rotary cutters
  • Fabric glue guns
  • Irons and ironing boards

Industry Examples of Dry Goods (Wholesale)

Common products and services typical of NAICS Code 424310-10, illustrating the main business activities and contributions to the market.

  • Textile wholesalers
  • Fabric distributors
  • Upholstery suppliers
  • Quilting supply stores
  • Sewing supply stores
  • Craft stores
  • Home decor wholesalers
  • Clothing manufacturers
  • Bedding manufacturers
  • Curtain manufacturers

Certifications, Compliance and Licenses for NAICS Code 424310-10 - Dry Goods (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Oeko-Tex Standard 100: This certification ensures that the textiles used in the industry are free from harmful substances and are safe for human use. It is provided by the International Association for Research and Testing in the Field of Textile Ecology (Oeko-Tex).
  • Global Organic Textile Standard (GOTS): This certification ensures that the textiles used in the industry are made from organic fibers and meet strict environmental and social criteria. It is provided by the Global Organic Textile Standard International Working Group.
  • Forest Stewardship Council (FSC) Certification: This certification ensures that the wood-based products used in the industry are sourced from responsibly managed forests. It is provided by the Forest Stewardship Council.
  • Sustainable Forestry Initiative (SFI) Certification: This certification ensures that the wood-based products used in the industry are sourced from responsible and sustainable forestry practices. It is provided by the Sustainable Forestry Initiative.
  • Responsible Down Standard (RDS): This certification ensures that the down and feathers used in the industry are ethically sourced and do not come from animals that have been subjected to unnecessary harm. It is provided by the Textile Exchange.

History

A concise historical narrative of NAICS Code 424310-10 covering global milestones and recent developments within the United States.

  • The "Dry Goods (Wholesale)" industry has a long and rich history worldwide. The term "dry goods" originally referred to textiles, such as cotton, wool, and silk, which were sold in bulk to retailers and other businesses. The industry began to take shape in the late 19th century, as advances in transportation and communication made it easier to move goods across long distances. In the United States, the industry grew rapidly in the early 20th century, as the country's population expanded and demand for consumer goods increased. During this time, many dry goods wholesalers established themselves as major players in the industry, including companies like W.W. Grainger and McMaster-Carr. In recent years, the industry has continued to evolve, with the rise of e-commerce and other digital technologies transforming the way that goods are bought and sold.

Future Outlook for Dry Goods (Wholesale)

The anticipated future trajectory of the NAICS 424310-10 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Dry Goods (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for textiles and fabrics from various sectors such as fashion, home decor, and automotive. The rise of e-commerce has also contributed to the growth of the industry as more consumers are shopping online. The industry is also expected to benefit from the increasing trend of sustainability and eco-friendliness, which has led to the development of new materials and production methods. However, the industry may face challenges such as rising competition and the impact of the COVID-19 pandemic on the global supply chain.

Industry Innovations for NAICS Code 424310-10

Recent groundbreaking advancements and milestones in the Dry Goods (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Digital Fabric Printing: This innovation has revolutionized the textile industry by allowing for the printing of high-quality designs on fabrics in a cost-effective and eco-friendly manner.
  • Smart Fabrics: These fabrics have integrated technology that allows for various functionalities such as temperature regulation, moisture-wicking, and even health monitoring.
  • Sustainable Materials: The industry has seen the development of new materials such as recycled polyester, organic cotton, and bamboo that are eco-friendly and sustainable.
  • 3D Printing: This technology has been used to create intricate and unique designs on fabrics and textiles, allowing for greater customization and creativity.
  • RFID Technology: This technology has been used to track and manage inventory in the supply chain, improving efficiency and reducing costs.

NAICS Code 424310-10 - Dry Goods (Wholesale)

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