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

• Import/export software
• Inventory management software
• Shipping and logistics software
• Barcode scanners
• Pallet jacks
• Forklifts
• Packaging equipment
• Hand trucks
• Shelving and storage systems
• Wrapping and strapping equipment

Common products and services typical of NAICS Code 424990-67, illustrating the main business activities and contributions to the market.

• Asian-inspired home decor
• Traditional clothing and textiles
• Kitchenware and tableware
• Art and craft supplies
• Religious and spiritual items
• Traditional musical instruments
• Tea and tea accessories
• Traditional medicine and remedies
• Asian-inspired toys and games
• Asian-inspired beauty and personal care products

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

• USDA Organic Certification: This certification is required for businesses that want to sell organic products. It ensures that the products meet the USDA's organic standards. The certification is provided by the USDA's Agricultural Marketing Service.
• Hazard Analysis and Critical Control Points (HACCP) Certification: This certification is required for businesses that handle food products. It ensures that the products are safe for consumption. The certification is provided by the International HACCP Alliance.
• Good Manufacturing Practice (GMP) Certification: This certification is required for businesses that manufacture food products. It ensures that the products are consistently produced and controlled according to quality standards. The certification is provided by the International Organization for Standardization (ISO).
• Fair Trade Certification: This certification is required for businesses that want to sell fair trade products. It ensures that the products are produced and traded in an ethical and sustainable manner. The certification is provided by Fairtrade International.
• Customs-Trade Partnership Against Terrorism (C-TPAT) Certification: This certification is required for businesses that import and export goods. It ensures that the supply chain is secure and that the products are not used for terrorism. The certification is provided by the U.S. Customs and Border Protection.

A concise historical narrative of NAICS Code 424990-67 covering global milestones and recent developments within the United States.

• The Oriental Goods (Wholesale) industry has a long and rich history dating back to ancient times. The Silk Road, a network of trade routes connecting China and the Mediterranean, facilitated the exchange of goods such as silk, spices, and tea. This trade route was instrumental in the spread of Oriental goods across the world. In the United States, the industry gained prominence in the mid-19th century with the influx of Chinese immigrants. These immigrants brought with them a variety of goods, including tea, porcelain, and silk. Today, the industry continues to thrive, with a wide range of Oriental goods available for wholesale purchase, including food, clothing, and home decor.

The anticipated future trajectory of the NAICS 424990-67 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The Oriental Goods (Wholesale) industry in the USA is expected to grow in the coming years due to the increasing demand for Asian products in the country. The industry is expected to benefit from the growing popularity of Asian cuisine and culture in the US, which is driving demand for Asian food products, home decor, and other goods. Additionally, the rise of e-commerce is expected to boost the industry as more consumers are turning to online retailers to purchase Asian products. However, the industry may face challenges due to the ongoing trade tensions between the US and China, which could impact the supply chain and increase costs for businesses in the industry.

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

• Expansion Of Online Sales Channels: Many businesses in the Oriental Goods (Wholesale) industry are expanding their online sales channels to reach a wider customer base and increase sales. This includes launching e-commerce websites, partnering with online marketplaces, and using social media to promote their products.
• Introduction Of New Products: Businesses in the industry are introducing new products to meet the changing demands of consumers. This includes products that cater to specific dietary needs, such as gluten-free and vegan options, as well as products that are eco-friendly and sustainable.
• Use Of Technology: Some businesses in the industry are using technology to improve their operations and increase efficiency. This includes using software to manage inventory and orders, as well as using data analytics to gain insights into customer behavior and preferences.
• Focus on Customer Experience: Many businesses in the industry are focusing on improving the customer experience to differentiate themselves from competitors. This includes offering personalized recommendations, providing excellent customer service, and creating engaging social media content.
• Expansion Into New Markets: Some businesses in the industry are expanding into new markets to increase their customer base and revenue. This includes targeting new geographic regions, as well as expanding into new product categories to diversify their offerings.