Where Manufacturing Matters

How Can NAICS Codes Help You Diversify Your Sales?

Posted by Timothy Nevin on Mar 13, 2017 4:45:00 PM

Adopted in the late 1990s, the North American Industry Classification System (NAICS) consists of codes set up by the U.S. Census Bureau to separate manufacturers by sectors, subsectors, and industries. Most companies are familiar with this system at a high level, as it’s used by the government to collect, assess, and distribute data about manufacturing in 5-6 year cycles.

However, if analyzed properly, NAICS codes can be far more important than simple identifiers used for federal purposes – in fact, they can play an active role in your company’s long-term strategy.

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Topics: Accelerate Cleveland Manufacturing, MAGNET, Market Diversification

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