What are industry classification codes? They are codes created by the US government used to collect industry-wide statistics. Many reference sources use them as a way to organize industry and company information. NAICS replaced SIC in 1997, but some sources use both, some still use SIC only
North American Industry
Classification (NAICS)
Created by the Census Bureau in 1997, NAICS replaced the SIC. Each industry is assigned a unique number is a code used to identify and describe North American (US, Canada, and Mexico) industures. It is hierarchical and classifies
each industry by broad group and then subdivides each into smaller, more
specific classifications.
Standard Industrial
Classification (SIC)
SIC system used to describe the structure of
American industries. A hierarchical system, industries are organized into broad
industry groups and then subdivided into smaller groups. Each industry carries
a unique four-digit classification code ranging from 0100 to 9999. The SIC was
replaced in 1997 with the North American Industrial Classification System but
many sources still use the SIC.
Industry research, like company research, includes looking at different aspects of an industry: major companies, market trends, market share, ratios, finances. We have several resources that will help you get an overview, but you will need to use multiple sources to get a full view of an industry.
Food and Beverage Industry
Some suggested search terms for locating industry reports and information on the the food and beverages industry. These are just examples, there may be others.
Keep your initial search simple and broad. If you get too specific with your search terms you may not find anything. When you start a search, the simpler the search, the better.
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