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NAICS Code 424420-04 Description (8-Digit)

Food Agents (Wholesale) is a subdivision of the NAICS Code 424420 that involves the wholesale distribution of food products on behalf of manufacturers, processors, and wholesalers. Food agents act as intermediaries between food producers and retailers, facilitating the sale and distribution of food products. They do not take ownership of the products they distribute, but rather act as sales representatives for the companies they represent.

Hierarchy Navigation for NAICS Code 424420-04

Tools

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

  • Sales software
  • Customer relationship management (CRM) software
  • Inventory management software
  • Transportation management software
  • Electronic data interchange (EDI) systems
  • Barcode scanners
  • Pallet jacks
  • Forklifts
  • Hand trucks
  • Packaging equipment

Industry Examples of Food Agents (Wholesale)

Common products and services typical of NAICS Code 424420-04, illustrating the main business activities and contributions to the market.

  • Dairy products
  • Snack foods
  • Confectionery products
  • Canned goods
  • Baked goods
  • Spices and seasonings
  • Sauces and condiments
  • Beverages (excluding fruit juices)
  • Seafood
  • Produce (excluding frozen)

Certifications, Compliance and Licenses for NAICS Code 424420-04 - Food Agents (Wholesale)

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

  • Safe Quality Food (SQF) Certification: This certification is a food safety and quality program that is recognized by the Global Food Safety Initiative (GFSI). It is designed to meet the needs of buyers and suppliers worldwide and is applicable to all sectors of the food industry. The certification is provided by the Safe Quality Food Institute (SQFI).
  • Hazard Analysis and Critical Control Points (HACCP) Certification: This certification is a food safety management system that is recognized internationally. It is designed to identify and control potential hazards in the food production process. The certification is provided by the International HACCP Alliance.
  • Good Manufacturing Practice (GMP) Certification: This certification is a set of guidelines that ensure that food products are consistently produced and controlled according to quality standards. It covers all aspects of production, from the raw materials to the finished product. The certification is provided by the International Organization for Standardization (ISO).
  • Organic Certification: This certification is for food products that are produced without the use of synthetic fertilizers, pesticides, or other harmful chemicals. It is provided by the United States Department of Agriculture (USDA) and is required for any product that is labeled as "organic".
  • National Organic Program (NOP) Certification: This certification is a set of guidelines that ensure that organic products meet the standards set by the USDA. It covers all aspects of production, from the raw materials to the finished product. The certification is provided by the USDA.

History

A concise historical narrative of NAICS Code 424420-04 covering global milestones and recent developments within the United States.

  • The "Food Agents (Wholesale)" industry has a long history dating back to the early 20th century when the first food brokers emerged in the United States. These brokers acted as intermediaries between food manufacturers and retailers, helping to facilitate the sale of food products in bulk. Over time, the industry evolved to include a wider range of services, such as market research, product development, and logistics management. In recent years, the industry has seen significant growth due to the increasing demand for organic and specialty foods, as well as the rise of e-commerce platforms that make it easier for wholesalers to connect with buyers. In the United States, the industry is expected to continue to grow in the coming years, driven by factors such as changing consumer preferences, technological advancements, and the expansion of global trade.

Future Outlook for Food Agents (Wholesale)

The anticipated future trajectory of the NAICS 424420-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Food Agents (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for organic and natural food products. The industry is also expected to benefit from the growing trend of online grocery shopping. The COVID-19 pandemic has accelerated the shift towards online grocery shopping, which is expected to continue even after the pandemic. The industry is also expected to benefit from the increasing demand for healthy and functional food products. The industry is expected to face challenges such as increasing competition and rising costs of transportation and logistics. However, the industry is expected to overcome these challenges by adopting new technologies and innovative business models.

Industry Innovations for NAICS Code 424420-04

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

  • Use of blockchain technology to improve supply chain transparency and traceability.
  • Adoption of artificial intelligence and machine learning to optimize inventory management and reduce waste.
  • Development of new packaging materials that are more sustainable and eco-friendly.
  • Introduction of new product lines that cater to specific dietary needs such as gluten-free, vegan, and keto.
  • Expansion of online sales channels and adoption of new e-commerce technologies.
  • Use of data analytics to gain insights into consumer preferences and behavior.
  • Implementation of food safety and quality control measures to ensure compliance with regulations.
  • Introduction of new marketing strategies that focus on social media and influencer marketing.
  • Collaboration with local farmers and producers to source fresh and locally grown produce.
  • Investment in research and development to create new and innovative food products.

NAICS Code 424420-04 - Food Agents (Wholesale)

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