Wholesalers achieved a turnover of $4.5 trillion in 2008, an increase of 8.4% compared to 2007. However, price adjusted, underlying commodity products increased by less than half a percent. Almost all sectors in the United States experienced negative growth in the second half of 2008. The first quarter of 2009 was particularly bad for the sector. Wholesale distribution revenue for the first quarter of 2009 decreased by 9.5% compared to the first quarter of 2008, adjusted for inflation. The wholesale distribution industry is an important force that serves almost every sector of the U.S. economy. Industry serves as a means of moving many products from the manufacturer or producer to retail businesses, exporters or even other wholesalers. For wholesale trade, there are generally two business models.
These models are often referred to as wholesale and electronic wholesale markets. Commercial wholesalers sell both durable and non-durable goods and take back ownership and ownership of these goods pending sale to their customers. Online wholesale marketplaces, including agents and brokers, act on behalf of buyers and sellers of goods, but generally do not take back ownership or ownership of the goods for sale. Often, transactions under this business model are carried out through Electronic Data Interchange (EDI). The wholesale distribution industry is the leader in productivity technologies that automate activities such as order processing, invoicing, inventory control, delivery and route planning, and automated inventory management. The adoption of these technological advances has allowed productivity within the sector to exceed the entire non-agricultural sector relative to hourly output. VrC offers a full range of quality assessment and counselling services and support. Assessments for financial reporting purposes will help to make sound decisions and support the evolution of standards. The distributor method is a powerful tool for assessing customer relationships in situations where these relationships are a supportive advantage and where there are appropriate market entries. For both models, wholesale distribution covers many types of products ranging from agricultural products to high-tech equipment and components. There are about 250,000 wholesalers in the United States.
According to the U.S. Department of Labor, the sector is highly fragmented, with 90 percent of its companies employing 20 or fewer employees. .