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NAICS Code 424420-01 Description (8-Digit)

Food Bulk (Wholesale) is a subdivision of the NAICS industry 424420, which involves the wholesale distribution of packaged frozen food products. This industry specializes in the distribution of large quantities of food products to retailers, restaurants, and other food service establishments. Food Bulk (Wholesale) companies typically purchase products in bulk from manufacturers and then distribute them to their customers in smaller quantities. This industry plays a crucial role in the food supply chain by ensuring that food products are readily available to consumers.

Hierarchy Navigation for NAICS Code 424420-01

Tools

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

  • Pallet jacks
  • Forklifts
  • Conveyor belts
  • Refrigerated trucks
  • Hand trucks
  • Scales
  • Barcode scanners
  • Wrapping machines
  • Storage racks
  • Loading docks

Industry Examples of Food Bulk (Wholesale)

Common products and services typical of NAICS Code 424420-01, illustrating the main business activities and contributions to the market.

  • Frozen vegetables
  • Canned fruits
  • Dry pasta
  • Rice
  • Flour
  • Sugar
  • Spices
  • Nuts
  • Snack foods
  • Baking supplies

Certifications, Compliance and Licenses for NAICS Code 424420-01 - Food Bulk (Wholesale)

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

  • Hazard Analysis and Critical Control Points (HACCP): HACCP is a food safety management system that is required for all food businesses in the US. It identifies potential hazards in the food production process and outlines steps to prevent them. The Food and Drug Administration (FDA) provides guidance on HACCP implementation.
  • Good Manufacturing Practices (GMP): GMPs are a set of guidelines that ensure that food products are consistently produced and controlled according to quality standards. The FDA provides guidance on GMPs for food manufacturers.
  • Safe Quality Food (SQF) Certification: SQF is a food safety management system that is recognized by the Global Food Safety Initiative (GFSI). It is a voluntary certification that demonstrates a company's commitment to food safety and quality. The Safe Quality Food Institute provides certification.
  • Organic Certification: Organic certification ensures that food products are produced without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). The USDA provides organic certification for food products.
  • Kosher Certification: Kosher certification ensures that food products meet Jewish dietary laws. The Orthodox Union provides kosher certification for food products.

History

A concise historical narrative of NAICS Code 424420-01 covering global milestones and recent developments within the United States.

  • The "Food Bulk (Wholesale)" industry has a long history dating back to ancient times when traders would buy and sell food in bulk quantities. In the 19th century, the industry saw significant growth with the advent of railroads and refrigeration, which allowed for the transportation and storage of perishable goods. In the 20th century, the industry continued to evolve with the introduction of new technologies such as computerized inventory management systems and the use of the internet for online ordering. In recent years, the industry has seen a shift towards more sustainable and organic products, as well as an increased focus on food safety and traceability. In the United States, the "Food Bulk (Wholesale)" industry has a more recent history, with significant growth occurring in the post-World War II era. The industry has seen many changes over the years, including the consolidation of wholesalers and the rise of large chain stores. In the 21st century, the industry has faced new challenges such as increased competition from online retailers and changing consumer preferences for healthier and more sustainable food options. Despite these challenges, the industry has continued to adapt and innovate, with many wholesalers now offering a wide range of products and services to meet the needs of their customers.

Future Outlook for Food Bulk (Wholesale)

The anticipated future trajectory of the NAICS 424420-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The food bulk (wholesale) industry in the USA is expected to grow in the coming years due to the increasing demand for packaged food products. The industry is expected to benefit from the growing population, rising disposable income, and changing consumer preferences. The industry is also expected to benefit from the increasing demand for organic and natural food products. The industry is expected to face challenges due to the increasing competition from online retailers and the rising cost of transportation. However, the industry is expected to overcome these challenges by adopting new technologies and improving their supply chain management. Overall, the future outlook for the food bulk (wholesale) industry in the USA is positive, and the industry is expected to grow in the coming years.

Industry Innovations for NAICS Code 424420-01

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

  • Automation: The food bulk (wholesale) industry in the USA has been adopting automation to improve their supply chain management. Automation has helped the industry to reduce their operational costs and improve their efficiency.
  • Sustainable Packaging: The industry has been adopting sustainable packaging to reduce their environmental impact. The industry has been using biodegradable and compostable packaging materials to reduce their carbon footprint.
  • Online Ordering: The industry has been adopting online ordering to improve their customer experience. Online ordering has helped the industry to reduce their order processing time and improve their accuracy.
  • Traceability: The industry has been adopting traceability to improve their food safety. Traceability has helped the industry to track their products from the source to the destination and ensure their quality.
  • Cold Chain Management: The industry has been adopting cold chain management to improve their product quality. Cold chain management has helped the industry to maintain the temperature of their products during transportation and storage.

NAICS Code 424420-01 - Food Bulk (Wholesale)

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