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NAICS Code 425120-70 Description (8-Digit)

Wine Brokers (Wholesale) are professionals who act as intermediaries between wine producers and wine buyers. They facilitate the sale of wine by negotiating prices, arranging transportation, and ensuring that all legal requirements are met. Wine Brokers (Wholesale) work with a variety of clients, including restaurants, hotels, wine shops, and other retailers. They have a deep understanding of the wine industry and are able to provide expert advice to their clients.

Hierarchy Navigation for NAICS Code 425120-70

Tools

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

  • Wine tasting kits
  • Wine glasses
  • Wine bottle openers
  • Wine decanters
  • Wine refrigerators
  • Wine storage racks
  • Wine aerators
  • Wine thermometers
  • Wine pourers
  • Wine stoppers
  • Wine pumps
  • Wine labels
  • Wine bottle bags
  • Wine shipping boxes
  • Wine bottle seals
  • Wine bottle carriers
  • Wine bottle tags
  • Wine bottle brushes
  • Wine bottle sterilizers

Industry Examples of Wine Brokers (Wholesale)

Common products and services typical of NAICS Code 425120-70, illustrating the main business activities and contributions to the market.

  • Wine importers
  • Wine distributors
  • Wine retailers
  • Wine shops
  • Wine bars
  • Restaurants with wine lists
  • Hotels with wine programs
  • Wine clubs
  • Online wine retailers
  • Wine auction houses
  • Wine storage facilities
  • Wine education providers
  • Wine event planners
  • Wine consultants
  • Wine bloggers
  • Wine influencers
  • Wine collectors
  • Wine enthusiasts
  • Wine societies

Certifications, Compliance and Licenses for NAICS Code 425120-70 - Wine Brokers (Wholesale)

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

  • Wine & Spirit Education Trust (WSET): This certification provides knowledge about wine and spirits and is recognized globally. It offers courses for beginners to experts and is provided by WSET.
  • Certified Specialist Of Wine (CSW): This certification is provided by the Society of Wine Educators and is designed for professionals who want to enhance their knowledge of wine. It covers topics such as wine production, wine regions, and wine styles.
  • Certified Wine Educator (CWE): This certification is provided by the Society of Wine Educators and is designed for professionals who want to teach about wine. It covers topics such as wine production, wine regions, and wine styles.
  • Wine & Spirit Education Trust (WSET) Level 3 Award In Wines: This certification is designed for professionals who want to enhance their knowledge of wine. It covers topics such as wine production, wine regions, and wine styles.
  • Wine & Spirit Education Trust (WSET) Level 4 Diploma In Wines: This certification is designed for professionals who want to become experts in wine. It covers topics such as wine production, wine regions, and wine styles.

History

A concise historical narrative of NAICS Code 425120-70 covering global milestones and recent developments within the United States.

  • The wine industry has a long and rich history dating back to ancient civilizations such as the Greeks and Romans. Wine brokers have played a significant role in the industry since the Middle Ages, where they acted as intermediaries between wine producers and merchants. In the 18th century, wine brokers in Bordeaux, France, established a formal organization to regulate the trade and ensure quality standards. In the United States, the wine industry began to flourish in the 1970s, with the rise of boutique wineries and the introduction of new grape varieties. Wine brokers played a crucial role in connecting these small wineries with distributors and retailers, helping to establish the industry as we know it today.

Future Outlook for Wine Brokers (Wholesale)

The anticipated future trajectory of the NAICS 425120-70 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The wine industry in the USA is expected to grow in the coming years, and the wholesale trade of wine is no exception. The increasing demand for wine from both domestic and international markets is driving the growth of the industry. The rise of e-commerce platforms and online marketplaces is also expected to boost the industry's growth, as it provides a convenient way for businesses to purchase wine in bulk. However, the industry may face challenges such as changing consumer preferences and the impact of climate change on wine production. Overall, the future outlook for the wine brokers (wholesale) industry in the USA is positive, with steady growth expected in the coming years.

Industry Innovations for NAICS Code 425120-70

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

  • Wine brokers are increasingly using technology to improve their operations, such as using software to manage inventory and track sales.
  • Some wine brokers are focusing on sustainability by sourcing wines from environmentally friendly vineyards and using eco-friendly packaging.
  • Wine brokers are expanding their product offerings beyond traditional wine varieties to include organic, biodynamic, and natural wines.
  • Some wine brokers are offering personalized services to their clients, such as creating custom wine blends or providing wine education and training.
  • Wine brokers are partnering with other businesses in the food and beverage industry to offer bundled packages and cross-promotions.

NAICS Code 425120-70 - Wine Brokers (Wholesale)

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