NAICS Code 425120-19 - Suppliers (Wholesale)
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NAICS Code 425120-19 Description (8-Digit)
Hierarchy Navigation for NAICS Code 425120-19
Parent Code (less specific)
Tools
Tools commonly used in the Suppliers (Wholesale) industry for day-to-day tasks and operations.
- Inventory management software
- Customer relationship management (CRM) software
- Order management software
- Shipping and logistics software
- Accounting software
- Electronic data interchange (EDI) software
- Barcode scanners
- Pallet jacks
- Forklifts
- Hand trucks
- Packaging equipment
- Tape dispensers
- Stretch wrap machines
- Label printers
- Shipping scales
- Tape measures
- Box cutters
- Safety equipment (e.g. gloves, safety glasses)
Industry Examples of Suppliers (Wholesale)
Common products and services typical of NAICS Code 425120-19, illustrating the main business activities and contributions to the market.
- Clothing suppliers (wholesale)
- Electronics suppliers (wholesale)
- Food suppliers (wholesale)
- Construction suppliers (wholesale)
- Office supplies suppliers (wholesale)
- Beauty supplies suppliers (wholesale)
- Medical supplies suppliers (wholesale)
- Automotive supplies suppliers (wholesale)
- Pet supplies suppliers (wholesale)
- Sporting goods suppliers (wholesale)
Certifications, Compliance and Licenses for NAICS Code 425120-19 - Suppliers (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 in the US. The certification is provided by the Federal Motor Carrier Safety Administration (FMCSA) and ensures that the business is compliant with the Hazardous Materials Regulations (HMR).
- Alcohol and Tobacco Tax and Trade Bureau (TTB) Permit: This permit is required for businesses that import, produce, or sell alcohol, tobacco, and firearms in the US. The permit is provided by the TTB and ensures that the business is compliant with the Federal Alcohol Administration Act (FAA) and the Internal Revenue Code (IRC).
- Food and Drug Administration (FDA) Registration: This registration is required for businesses that manufacture, process, pack, or store food, drugs, medical devices, and cosmetics in the US. The registration is provided by the FDA and ensures that the business is compliant with the Federal Food, Drug, and Cosmetic Act (FD&C Act).
- Occupational Safety and Health Administration (OSHA) Certification: This certification is required for businesses that operate in hazardous industries such as construction, manufacturing, and transportation in the US. The certification is provided by OSHA and ensures that the business is compliant with the Occupational Safety and Health (OSH) Act.
- National Association Of Chemical Distributors (NACD) Responsible Distribution Certification: This certification is required for businesses that distribute chemicals in the US. The certification is provided by the NACD and ensures that the business is compliant with the Responsible Distribution Process (RDP).
History
A concise historical narrative of NAICS Code 425120-19 covering global milestones and recent developments within the United States.
- The wholesale trade has been around for centuries, with the first recorded instances of wholesale trade dating back to the Roman Empire. The concept of buying and selling goods in bulk has been a staple of commerce ever since. In the United States, the wholesale trade industry began to take shape in the late 19th century, with the rise of large-scale manufacturing and the need for distribution channels to get goods to retailers. The industry continued to grow throughout the 20th century, with the advent of new technologies and the expansion of global trade. In recent years, the industry has faced challenges from the rise of e-commerce and changing consumer preferences, but it remains a vital part of the economy, providing goods to businesses and consumers across the country.
Future Outlook for Suppliers (Wholesale)
The anticipated future trajectory of the NAICS 425120-19 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 Suppliers (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for wholesale goods from retailers and businesses. The growth of e-commerce is also expected to contribute to the growth of the industry as more businesses are turning to online platforms to purchase goods in bulk. Additionally, the industry is expected to benefit from the increasing trend of outsourcing non-core business functions, which is leading to an increase in demand for wholesale trade agents and brokers. However, the industry may face challenges such as increasing competition and the threat of disruption from new technologies. Overall, the industry is expected to experience steady growth in the coming years.
Industry Innovations for NAICS Code 425120-19
Recent groundbreaking advancements and milestones in the Suppliers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- The use of blockchain technology to improve supply chain transparency and reduce fraud in the wholesale industry.
- The adoption of artificial intelligence and machine learning to optimize inventory management and improve supply chain efficiency.
- The development of new logistics technologies such as autonomous vehicles and drones to improve the speed and efficiency of wholesale deliveries.
- The increasing use of data analytics to gain insights into customer behavior and preferences, allowing wholesalers to better tailor their offerings to meet customer needs.
- The growth of online marketplaces and e-commerce platforms, which are making it easier for wholesalers to connect with buyers and expand their customer base.
NAICS Code 425120-19 - Suppliers (Wholesale)
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