NAICS Code 424310-32 - Silks (Wholesale)
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NAICS Code 424310-32 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424310-32
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Tools
Tools commonly used in the Silks (Wholesale) industry for day-to-day tasks and operations.
- Silk fabric swatch books
- Fabric cutting machines
- Sewing machines
- Fabric measuring tapes
- Fabric scissors
- Fabric weights
- Irons and ironing boards
- Fabric markers
- Fabric glue
- Fabric dye
Industry Examples of Silks (Wholesale)
Common products and services typical of NAICS Code 424310-32, illustrating the main business activities and contributions to the market.
- Silk scarves
- Silk blouses
- Silk dresses
- Silk ties
- Silk bedding
- Silk curtains
- Silk upholstery
- Silk tablecloths
- Silk handkerchiefs
- Silk lingerie
Certifications, Compliance and Licenses for NAICS Code 424310-32 - Silks (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 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.
- Textile Exchange Certification: This certification ensures that the textiles used in the industry are made from sustainable materials and meet environmental and social criteria. It is provided by the Textile Exchange.
History
A concise historical narrative of NAICS Code 424310-32 covering global milestones and recent developments within the United States.
- The Silks (Wholesale) industry has a long and rich history dating back to ancient China, where silk was first discovered and produced. Silk was a highly valued commodity and was traded along the Silk Road, a network of trade routes connecting China to the Mediterranean. In the 19th century, the Industrial Revolution brought advancements in silk production, making it more accessible and affordable. In the United States, the industry saw significant growth in the early 20th century, with the rise of department stores and the demand for luxury fabrics. Today, the industry continues to evolve, with new technologies and sustainable practices being implemented to meet the changing demands of consumers.
Future Outlook for Silks (Wholesale)
The anticipated future trajectory of the NAICS 424310-32 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 Silks (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for silk products in various industries such as fashion, home decor, and healthcare. The growing popularity of silk products due to their durability, softness, and hypoallergenic properties is expected to drive the demand for silk products. Additionally, the increasing popularity of e-commerce platforms is expected to boost the growth of the industry as it provides a convenient way for customers to purchase silk products. However, the industry may face challenges such as the availability of cheaper alternatives and the impact of the COVID-19 pandemic on the global supply chain. Overall, the Silks (Wholesale) industry is expected to experience steady growth in the coming years.
Industry Innovations for NAICS Code 424310-32
Recent groundbreaking advancements and milestones in the Silks (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Sustainable Silk Production: Many companies in the Silks (Wholesale) industry are adopting sustainable practices in silk production to reduce their environmental impact. For example, some companies are using organic silk and natural dyes to produce silk products that are eco-friendly.
- Digital Printing Technology: The use of digital printing technology in silk production has revolutionized the industry. This technology allows for the production of high-quality silk products with intricate designs and patterns at a faster rate and lower cost.
- Smart Textiles: The development of smart textiles has opened up new opportunities for the Silks (Wholesale) industry. Smart textiles are fabrics that can sense and react to changes in the environment or the wearer's body. For example, some silk products are embedded with sensors that can monitor the wearer's health.
- Customization: Many companies in the Silks (Wholesale) industry are offering customization services to their customers. This allows customers to create unique silk products that meet their specific needs and preferences.
- Online Marketplaces: The growth of online marketplaces such as Amazon and Alibaba has provided a platform for small and medium-sized businesses in the Silks (Wholesale) industry to reach a wider audience. This has helped to increase the visibility of the industry and boost sales.
NAICS Code 424310-32 - Silks (Wholesale)
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