NAICS Code 424990-48 - General Merchandise (Wholesale)
Marketing Level - NAICS 8-DigitUse Data For:
- Direct Mailing
- Emailing
- Calling
- Research
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NAICS Code 424990-48 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424990-48
Parent Code (less specific)
Tools
Tools commonly used in the General Merchandise (Wholesale) industry for day-to-day tasks and operations.
- Inventory management software
- Warehouse management software
- Transportation management software
- Electronic data interchange (EDI) systems
- Barcode scanners
- Pallet jacks
- Forklifts
- Packaging equipment
- Label printers
- Hand trucks
Industry Examples of General Merchandise (Wholesale)
Common products and services typical of NAICS Code 424990-48, illustrating the main business activities and contributions to the market.
- Cleaning supplies
- Paper products
- Personal care items
- Household goods
- Office supplies
- School supplies
- Party supplies
- Seasonal decorations
- Toys and games
- Health and wellness products
Certifications, Compliance and Licenses for NAICS Code 424990-48 - General Merchandise (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Hazardous Materials Transportation Certification: This certification is required for businesses that transport hazardous materials. It ensures that the business is aware of the regulations and safety procedures for transporting hazardous materials. The certification is provided by the US Department of Transportation.
- Occupational Safety and Health Administration (OSHA) Certification: This certification is required for businesses to ensure that they are following the safety regulations set by OSHA. It covers topics such as workplace safety, hazardous materials handling, and emergency response. The certification is provided by OSHA.
- Food and Drug Administration (FDA) Certification: This certification is required for businesses that deal with food and drugs. It ensures that the business is following the regulations set by the FDA for food and drug safety. The certification is provided by the FDA.
- Environmental Protection Agency (EPA) Certification: This certification is required for businesses that deal with hazardous waste. It ensures that the business is following the regulations set by the EPA for hazardous waste disposal. The certification is provided by the EPA.
- National Association Of Wholesaler-Distributors (NAW) Certification: This certification is not required but is recommended for businesses in the wholesale industry. It provides training and education on best practices for wholesale distribution. The certification is provided by NAW.
History
A concise historical narrative of NAICS Code 424990-48 covering global milestones and recent developments within the United States.
- The General Merchandise (Wholesale) industry has a long history dating back to the early 20th century when the concept of wholesale distribution was first introduced. The industry has since grown to become a vital part of the global economy, with major players such as Walmart, Costco, and Target dominating the market. In the United States, the industry has seen significant growth in recent years, with the rise of e-commerce and the increasing demand for convenience driving the industry forward. Notable advancements in the industry include the introduction of new technologies such as automated warehouses and the use of data analytics to optimize supply chain management.
Future Outlook for General Merchandise (Wholesale)
The anticipated future trajectory of the NAICS 424990-48 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the General Merchandise (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for consumer goods and the rise of e-commerce. The COVID-19 pandemic has also accelerated the shift towards online shopping, which has benefited the industry. However, the industry is also facing challenges such as rising competition and supply chain disruptions. To stay competitive, companies in the industry are expected to invest in technology and automation to improve efficiency and reduce costs. Overall, the industry is expected to continue growing in the coming years.
Industry Innovations for NAICS Code 424990-48
Recent groundbreaking advancements and milestones in the General Merchandise (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Automation: Many companies in the General Merchandise (Wholesale) industry are investing in automation to improve efficiency and reduce costs. This includes the use of robots and other automated systems in warehouses and distribution centers.
- E-Commerce: The rise of e-commerce has had a significant impact on the industry, with many companies now selling their products online. This has led to the development of new technologies and platforms to support online sales.
- Sustainable Packaging: Many companies in the industry are now using sustainable packaging materials to reduce their environmental impact. This includes the use of biodegradable and compostable materials.
- Data Analytics: The use of data analytics is becoming increasingly important in the industry, with companies using data to improve their supply chain management and better understand customer behavior.
- Mobile Technology: Many companies in the industry are now using mobile technology to improve their operations. This includes the use of mobile devices for inventory management and order processing.
NAICS Code 424990-48 - General Merchandise (Wholesale)
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