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

• Sales software
• Customer relationship management (CRM) software
• Inventory management software
• Market research tools
• Communication tools (e.g. email, phone, video conferencing)
• Transportation and logistics software
• Accounting software
• Productivity tools (e.g. project management software, time tracking software)
• Social media platforms
• Trade publications

Common products and services typical of NAICS Code 561990-17, illustrating the main business activities and contributions to the market.

• Food distribution
• Textile trading
• Consumer goods brokerage
• Agricultural products trading
• Wholesale distribution
• Industrial equipment brokerage
• Chemicals trading
• Electronics distribution
• Building materials brokerage
• Furniture trading

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

• Certified Professional Manufacturers' Representative (CPMR): This certification is provided by the Manufacturers' Representatives Educational Research Foundation (MRERF) and is designed for manufacturers' representatives. It covers topics such as sales, marketing, finance, and management. The certification requires completion of a three-year program and passing an exam.
• Certified Sales Professional (CSP): This certification is provided by the Manufacturers' Representatives Educational Research Foundation (MRERF) and is designed for sales professionals. It covers topics such as sales techniques, customer service, and product knowledge. The certification requires completion of a two-year program and passing an exam.
• Certified Professional Manufacturers' Agent (CPMA): This certification is provided by the Manufacturers' Agents National Association (MANA) and is designed for manufacturers' agents. It covers topics such as sales, marketing, and management. The certification requires completion of a three-year program and passing an exam.
• Certified Business Intermediary (CBI): This certification is provided by the International Business Brokers Association (IBBA) and is designed for business brokers. It covers topics such as business valuation, marketing, and negotiations. The certification requires completion of a course and passing an exam.
• Certified Merger & Acquisition Advisor (CM&AA): This certification is provided by the Alliance of Merger & Acquisition Advisors (AM&AA) and is designed for professionals involved in mergers and acquisitions. It covers topics such as valuation, deal structuring, and due diligence. The certification requires completion of a course and passing an exam.

A concise historical narrative of NAICS Code 561990-17 covering global milestones and recent developments within the United States.

• Merchandise brokers have been around for centuries, with the first recorded instance of a broker being in ancient Greece. These brokers were responsible for facilitating trade between different regions and countries. In the 19th century, merchandise brokers became more specialized, with brokers focusing on specific industries such as textiles or metals. In the United States, the industry saw significant growth in the mid-20th century, with the rise of globalization and the expansion of international trade. Today, merchandise brokers continue to play a vital role in the global economy, connecting buyers and sellers across different industries and regions.

The anticipated future trajectory of the NAICS 561990-17 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Merchandise Brokers industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for specialized services. The industry is expected to benefit from the growth of e-commerce, as more businesses are looking for ways to expand their online presence. Additionally, the industry is expected to benefit from the increasing demand for customized products, as more businesses are looking for ways to differentiate themselves from their competitors. The industry is also expected to benefit from the increasing demand for sustainable products, as more businesses are looking for ways to reduce their environmental impact. Overall, the Merchandise Brokers industry is expected to continue to grow in the coming years, driven by the increasing demand for specialized services and the growth of e-commerce.

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

• Virtual Showrooms: Merchandise brokers are increasingly using virtual showrooms to showcase their products to clients. This technology allows clients to view products in a virtual environment, which can help them make more informed purchasing decisions.
• 3D Printing: Some merchandise brokers are using 3D printing technology to create customized products for their clients. This technology allows brokers to create products that are tailored to their clients' specific needs and preferences.
• Sustainable Products: Many merchandise brokers are focusing on offering sustainable products to their clients. This includes products made from recycled materials, as well as products that are designed to be reused or recycled.
• Online Marketplaces: Some merchandise brokers are using online marketplaces to sell their products to clients. This allows brokers to reach a wider audience and can help them increase their sales.
• Data Analytics: Merchandise brokers are increasingly using data analytics to better understand their clients' needs and preferences. This technology allows brokers to offer more personalized services to their clients and can help them identify new business opportunities.