The Census of Wholesale Trade classifies wholesale intermediaries into two main categories: merchant wholesalers and agents and brokers. Merchant wholesalers buy goods in bulk and resell them to retailers, businesses, or other wholesalers. They take ownership of the products and operate warehouses for distribution. This category includes distributors, jobbers, and import/export merchants. On the other hand, agents and brokers facilitate transactions between buyers and sellers without taking ownership of the goods. They earn commissions for their services and are commonly involved in industries like automobiles, food products, and industrial supplies. Additionally, some wholesale intermediaries specialize in electronic markets where buyers and sellers connect through online platforms instead of traditional warehouses. The Census of Wholesale Trade analyzes these classifications to track industry trends, measure economic activity, and provide insights into supply chain distribution. Understanding these categories helps businesses optimize their operations, ensuring efficient trade practices and market competitiveness. More Info –
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