NAICS Code 424410-05 - Grocers (Wholesale)
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NAICS Code 424410-05 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424410-05
Parent Code (less specific)
Tools
Tools commonly used in the Grocers (Wholesale) industry for day-to-day tasks and operations.
- Pallet jacks
- Forklifts
- Conveyor belts
- Hand trucks
- Barcode scanners
- Inventory management software
- Order management software
- Transportation management software
- Packaging equipment
- Temperature-controlled storage facilities
Industry Examples of Grocers (Wholesale)
Common products and services typical of NAICS Code 424410-05, illustrating the main business activities and contributions to the market.
- Fresh produce
- Dairy products
- Meat and poultry
- Frozen foods
- Canned goods
- Snacks and confectionery
- Beverages
- Baked goods
- Spices and seasonings
- Condiments and sauces
Certifications, Compliance and Licenses for NAICS Code 424410-05 - Grocers (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Good Agricultural Practices (GAP): This certification ensures that the produce is grown, harvested, packed, and stored in a safe and sustainable manner. It is provided by the United States Department of Agriculture (USDA).
- Hazard Analysis and Critical Control Points (HACCP): This certification ensures that the food is safe to eat by identifying and preventing potential hazards in the food production process. It is provided by the International HACCP Alliance.
- Safe Quality Food (SQF): This certification ensures that the food is produced, processed, and handled according to the highest standards of safety and quality. It is provided by the Safe Quality Food Institute.
- Organic Certification: This certification ensures that the food is produced without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). It is provided by the USDA National Organic Program.
- Food Safety Modernization Act (FSMA): This regulation ensures that the food is safe to eat by preventing contamination during the production, processing, packing, and holding of food products. It is enforced by the FDA.
History
A concise historical narrative of NAICS Code 424410-05 covering global milestones and recent developments within the United States.
- The wholesale grocery industry has a long history dating back to the 1800s when the first wholesale grocers emerged in the United States. These early wholesalers were primarily focused on supplying food and other household items to small independent retailers. In the early 1900s, the industry saw significant growth as the number of grocery stores increased, and wholesalers began to expand their product offerings. During the 1950s and 1960s, the industry experienced a period of consolidation as larger wholesalers acquired smaller ones. In recent years, the industry has seen significant changes due to the rise of e-commerce and the increasing demand for organic and locally sourced products. In the United States, the wholesale grocery industry has undergone significant changes in recent years. The industry has seen a shift towards consolidation, with larger wholesalers acquiring smaller ones to increase their market share. The rise of e-commerce has also had a significant impact on the industry, with many wholesalers now offering online ordering and delivery services. In addition, there has been a growing demand for organic and locally sourced products, which has led to the emergence of new players in the industry. Overall, the wholesale grocery industry in the United States is highly competitive, with players constantly adapting to changing consumer preferences and market conditions.
Future Outlook for Grocers (Wholesale)
The anticipated future trajectory of the NAICS 424410-05 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 Grocers (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for organic and natural foods, as well as the growing popularity of online grocery shopping. The COVID-19 pandemic has also accelerated the shift towards online grocery shopping, which is expected to continue even after the pandemic. However, the industry is also facing challenges such as rising competition from retailers who are expanding their own distribution networks and increasing transportation costs. Overall, the industry is expected to continue growing in the coming years.
Industry Innovations for NAICS Code 424410-05
Recent groundbreaking advancements and milestones in the Grocers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Automated Warehouses: Grocers (Wholesale) are increasingly using automated warehouses to improve efficiency and reduce costs. These warehouses use robots and other automated systems to move and store products, which can help reduce labor costs and improve accuracy.
- Online Ordering: Many Grocers (Wholesale) now offer online ordering systems, which allow customers to place orders and track deliveries online. This can help improve customer satisfaction and reduce the time and cost associated with manual order processing.
- Sustainable Packaging: Grocers (Wholesale) are increasingly using sustainable packaging materials such as biodegradable plastics and recycled paper. This can help reduce waste and improve the industry's environmental impact.
- Data Analytics: Grocers (Wholesale) are using data analytics to improve their operations and better understand customer needs. By analyzing data on sales, inventory, and customer behavior, companies can make more informed decisions and improve their overall performance.
- Mobile Apps: Many Grocers (Wholesale) now offer mobile apps that allow customers to place orders, track deliveries, and access other information on their smartphones. This can help improve customer convenience and satisfaction.
NAICS Code 424410-05 - Grocers (Wholesale)
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