NAICS Code 424350-24 - Underwear (Wholesale)
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NAICS Code 424350-24 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424350-24
Parent Code (less specific)
Tools
Tools commonly used in the Underwear (Wholesale) industry for day-to-day tasks and operations.
- Underwear sizing charts
- Hangers and racks for displaying products
- Shipping and packaging supplies
- Point of sale (POS) systems for tracking inventory and sales
- Barcode scanners for efficient inventory management
- Label printers for creating product labels and shipping labels
- Online marketplaces for selling products to retailers and consumers
- Customer relationship management (CRM) software for managing customer orders and inquiries
- Social media platforms for marketing and advertising products
- Wholesale pricing calculators for determining pricing strategies
Industry Examples of Underwear (Wholesale)
Common products and services typical of NAICS Code 424350-24, illustrating the main business activities and contributions to the market.
- Women's bras
- Men's boxers
- Women's panties
- Men's briefs
- Women's shapewear
- Men's undershirts
- Women's lingerie
- Maternity underwear
- Athletic underwear
- Thermal underwear
Certifications, Compliance and Licenses for NAICS Code 424350-24 - Underwear (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 textile products 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).
- WRAP Certification: Worldwide Responsible Accredited Production (WRAP) certification ensures that the manufacturing process of the textile products is ethical, lawful, and safe for workers. It is provided by WRAP.
- GOTS Certification: Global Organic Textile Standard (GOTS) certification ensures that the textile products are made from organic fibers and the manufacturing process is environmentally and socially responsible. It is provided by the International Working Group on Global Organic Textile Standard.
- ISO 9001:2015 Certification: This certification ensures that the quality management system of the organization is effective and meets customer and regulatory requirements. It is provided by the International Organization for Standardization (ISO).
- ISO 14001:2015 Certification: This certification ensures that the environmental management system of the organization is effective and meets regulatory requirements. It is provided by the International Organization for Standardization (ISO).
History
A concise historical narrative of NAICS Code 424350-24 covering global milestones and recent developments within the United States.
- The history of the Underwear (Wholesale) industry dates back to the 19th century when the first mass-produced underwear was introduced. The industry saw significant growth in the 20th century with the introduction of new materials and designs. In the United States, the industry saw a boom in the 1950s with the introduction of nylon and other synthetic materials. The industry continued to grow in the 1970s and 1980s with the introduction of new designs and styles. In recent years, the industry has seen a shift towards more sustainable and eco-friendly materials, as well as a focus on inclusivity and diversity in sizing and design. Notable advancements in the industry include the introduction of moisture-wicking and odor-resistant materials, as well as the use of 3D printing technology for custom-fit underwear.
Future Outlook for Underwear (Wholesale)
The anticipated future trajectory of the NAICS 424350-24 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 Underwear (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for comfortable and fashionable underwear. The rise in e-commerce and online shopping has also contributed to the growth of the industry. The industry is expected to continue to innovate and introduce new products to meet the changing needs of consumers. The increasing awareness of sustainability and ethical practices is also expected to drive the growth of the industry as consumers demand more eco-friendly and socially responsible products.
Industry Innovations for NAICS Code 424350-24
Recent groundbreaking advancements and milestones in the Underwear (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Underwear: Underwear with sensors that can track fitness, monitor health, and provide other benefits.
- Sustainable Materials: The use of eco-friendly materials such as organic cotton, bamboo, and recycled fabrics in the production of underwear.
- Inclusive Sizing: The introduction of a wider range of sizes to cater to a more diverse customer base.
- Seamless Technology: The use of seamless technology to create underwear that is more comfortable and less visible under clothing.
- Anti-Microbial Fabrics: The use of fabrics that are treated with anti-microbial agents to prevent the growth of bacteria and reduce odor.
NAICS Code 424350-24 - Underwear (Wholesale)
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