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NAICS Code 493110-06 Description (8-Digit)

Warehouses are commercial buildings used for the storage of goods and materials. They are typically large, open spaces with high ceilings and loading docks for the efficient movement of goods. Warehouses can be used for a variety of purposes, including distribution, manufacturing, and storage.

Hierarchy Navigation for NAICS Code 493110-06

Parent Code (less specific)

Tools

Tools commonly used in the Warehouses industry for day-to-day tasks and operations.

  • Forklifts
  • Pallet jacks
  • Conveyor belts
  • Hand trucks
  • Loading dock equipment
  • Shelving and racking systems
  • Barcode scanners
  • Inventory management software
  • Packaging equipment
  • Material handling equipment

Industry Examples of Warehouses

Common products and services typical of NAICS Code 493110-06, illustrating the main business activities and contributions to the market.

  • Distribution centers
  • Manufacturing warehouses
  • Cold storage facilities
  • E-commerce fulfillment centers
  • Third-party logistics (3PL) warehouses
  • Retail warehouses
  • Wholesale warehouses
  • Cross-docking facilities
  • Bonded warehouses
  • Hazardous materials storage facilities

Certifications, Compliance and Licenses for NAICS Code 493110-06 - Warehouses

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

  • OSHA Forklift Certification: This certification is required for all forklift operators in the US. It ensures that the operator is trained and competent in operating a forklift safely. The certification is provided by the Occupational Safety and Health Administration (OSHA).
  • Hazardous Materials Endorsement (HME): This endorsement is required for drivers who transport hazardous materials. It ensures that the driver is trained and competent in handling hazardous materials safely. The endorsement is provided by the Transportation Security Administration (TSA).
  • International Organization for Standardization (ISO) 9001: This certification is a quality management system that ensures that the warehouse meets customer and regulatory requirements. It is provided by the International Organization for Standardization (ISO).
  • Good Manufacturing Practice (GMP): This certification ensures that the warehouse meets the standards for the manufacturing and packaging of food, drugs, and medical devices. It is provided by the Food and Drug Administration (FDA).
  • Certified Logistics Professional (CLP): This certification is for professionals who work in logistics and supply chain management. It ensures that the professional has the knowledge and skills to manage the logistics and supply chain operations effectively. It is provided by the American Society of Transportation and Logistics (ASTL).

History

A concise historical narrative of NAICS Code 493110-06 covering global milestones and recent developments within the United States.

  • The Warehousing industry has been around for centuries, with the earliest known warehouses dating back to ancient Rome. These early warehouses were used to store goods such as grain, wine, and olive oil. In the 19th century, the Industrial Revolution brought about significant advancements in the industry, with the introduction of steam-powered cranes and elevators, which made it easier to move goods around. The 20th century saw the rise of containerization, which revolutionized the industry by making it possible to transport goods in standardized containers. In recent years, the industry has continued to evolve, with the increasing use of automation and robotics in warehouses, as well as the growth of e-commerce, which has led to a surge in demand for warehouse space. In the United States, the Warehousing industry has experienced significant growth in recent years, driven by the rise of e-commerce and the increasing demand for fast and efficient delivery of goods. According to the US Census Bureau, the industry generated $35.8 billion in revenue in 2019, up from $33.7 billion in 2018. The industry has also seen a shift towards larger, more automated warehouses, as companies seek to improve efficiency and reduce costs. However, the industry has faced challenges in recent years, including a shortage of skilled workers and rising real estate costs in some markets.

Future Outlook for Warehouses

The anticipated future trajectory of the NAICS 493110-06 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 Warehouses industry in the USA is positive. The industry is expected to continue growing due to the increasing demand for e-commerce and online shopping. The COVID-19 pandemic has accelerated the shift towards online shopping, which has resulted in a surge in demand for warehouse space. The industry is also expected to benefit from the growth of the logistics and transportation industry, which will increase the demand for warehouse space. However, the industry is also facing challenges such as labor shortages and rising real estate costs. To remain competitive, warehouses will need to invest in automation and technology to increase efficiency and reduce costs.

Industry Innovations for NAICS Code 493110-06

Recent groundbreaking advancements and milestones in the Warehouses industry, reflecting notable innovations that have reshaped its landscape.

  • Robotics: Many warehouses are investing in robotics to increase efficiency and reduce labor costs. Robots can be used for tasks such as picking and packing, inventory management, and transportation.
  • Automation: Automation is becoming increasingly common in warehouses. Automated systems can be used for tasks such as sorting, packing, and shipping. This can help to reduce errors and increase efficiency.
  • Drones: Some warehouses are using drones for tasks such as inventory management and delivery. Drones can be used to quickly and efficiently scan inventory and transport items within the warehouse.
  • Artificial Intelligence: Artificial intelligence can be used to optimize warehouse operations. AI can be used for tasks such as demand forecasting, inventory management, and route optimization.
  • Sustainability: Many warehouses are focusing on sustainability by implementing green initiatives such as solar panels, energy-efficient lighting, and recycling programs. This can help to reduce costs and improve the company's image.

NAICS Code 493110-06 - Warehouses

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