NAICS Code 561990-17 - Merchandise Brokers

Marketing Level - NAICS 8-Digit

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NAICS CODE 561990-17
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NAICS Code 561990-17 Description (8-Digit)

Merchandise brokers are professionals who act as intermediaries between buyers and sellers of goods. They facilitate the sale of products by negotiating deals, finding potential buyers, and arranging for the delivery of goods. Merchandise brokers work in a variety of industries, including food, textiles, and consumer goods. They are responsible for ensuring that the products they sell meet the needs of their clients and are of high quality. Merchandise brokers must have a deep understanding of the products they sell and the industries in which they operate.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 561990 page

Tools

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

Industry Examples of Merchandise Brokers

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

History

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.