NAICS Code 523991-15 - Lumber-Commission
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NAICS Code 523991-15 Description (8-Digit)
Hierarchy Navigation for NAICS Code 523991-15
Parent Code (less specific)
Tools
Tools commonly used in the Lumber-Commission industry for day-to-day tasks and operations.
- Lumber grading tools
- Tape measures
- Hand saws
- Circular saws
- Chainsaws
- Axes
- Chisels
- Hammers
- Nail guns
- Planers
- Sanders
- Drills
- Screwdrivers
- Pliers
- Clamps
- Levels
- Squares
- Safety equipment (e.g. gloves, goggles, hard hats)
Industry Examples of Lumber-Commission
Common products and services typical of NAICS Code 523991-15, illustrating the main business activities and contributions to the market.
- Wholesale lumber brokers
- Lumber trading companies
- Lumber auction houses
- Lumber consignment shops
- Lumber import/export firms
- Lumber consignors
- Lumber consignees
- Lumber commission agents
- Lumber commission merchants
- Lumber commission brokers
Certifications, Compliance and Licenses for NAICS Code 523991-15 - Lumber-Commission
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Forest Stewardship Council (FSC) Certification: This certification ensures that the wood products are sourced from responsibly managed forests. The FSC is an international organization that provides this certification.
- Sustainable Forestry Initiative (SFI) Certification: This certification ensures that the wood products are sourced from responsibly managed forests. The SFI is a North American organization that provides this certification.
- International Organization for Standardization (ISO) 9001 Certification: This certification ensures that the company has a quality management system in place. The ISO is an international organization that provides this certification.
- ISO 14001 Certification: This certification ensures that the company has an environmental management system in place. The ISO is an international organization that provides this certification.
- Occupational Safety and Health Administration (OSHA) Certification: This certification ensures that the company is compliant with OSHA regulations and has a safe working environment. The OSHA is a US government agency that provides this certification.
History
A concise historical narrative of NAICS Code 523991-15 covering global milestones and recent developments within the United States.
- The Lumber-Commission industry has a long history dating back to the early 19th century when the first lumber yards were established in the United States. The industry grew rapidly in the late 1800s and early 1900s, with the development of new technologies such as the steam-powered sawmill and the railroad, which made it easier to transport lumber across the country. During this time, the industry was dominated by large companies such as Weyerhaeuser and Georgia-Pacific, which controlled vast tracts of forest land and had their own sawmills and distribution networks. In recent history, the Lumber-Commission industry in the United States has faced a number of challenges, including increased competition from foreign producers, declining demand for certain types of lumber, and environmental concerns related to deforestation and habitat destruction. Despite these challenges, the industry has remained an important part of the US economy, providing jobs and raw materials for a wide range of industries, from construction to furniture manufacturing.
Future Outlook for Lumber-Commission
The anticipated future trajectory of the NAICS 523991-15 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 Lumber-Commission industry is expected to experience steady growth in the coming years. The industry is expected to benefit from the increasing demand for lumber and wood products in the construction industry. The industry is also expected to benefit from the growing trend towards sustainable and eco-friendly building materials. However, the industry may face challenges due to the increasing competition from alternative building materials such as steel and concrete. The industry is also expected to face challenges due to the increasing regulations related to the harvesting and processing of lumber. Overall, the industry is expected to experience moderate growth in the coming years.
Industry Innovations for NAICS Code 523991-15
Recent groundbreaking advancements and milestones in the Lumber-Commission industry, reflecting notable innovations that have reshaped its landscape.
- Use Of Drones for Forest Management: Drones are being used to monitor forests and gather data on tree health, growth rates, and other important metrics. This data can be used to optimize forest management practices and improve the efficiency of lumber harvesting.
- Development Of New Wood-Based Materials: Researchers are developing new wood-based materials that have improved strength, durability, and other properties. These materials have the potential to replace traditional building materials such as steel and concrete.
- Adoption Of Sustainable Forestry Practices: Many companies in the Lumber-Commission industry are adopting sustainable forestry practices to reduce their environmental impact and ensure the long-term viability of their operations.
- Use Of Automation and Robotics: Automation and robotics are being used to improve the efficiency of lumber processing and reduce labor costs. This technology can also improve worker safety by reducing the need for manual labor.
- Implementation Of Blockchain Technology: Blockchain technology is being used to improve supply chain transparency and traceability in the Lumber-Commission industry. This technology can help to prevent illegal logging and ensure that lumber is harvested and processed in a sustainable and ethical manner.
NAICS Code 523991-15 - Lumber-Commission
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