As regulatory deadlines draw near, 25 beverage and candy companies have partnered with ReposiTrak to leverage its cutting-edge, hardware-free traceability solutions
SALT LAKE CITY--(BUSINESS WIRE)--Sep. 17, 2024--
ReposiTrak (NYSE:TRAK), the world’s largest food traceability and regulatory compliance network, leveraging its established inventory management and out-of-stock reduction SaaS platform, is proud to welcome 25 new beverage and candy companies to the ReposiTrak Traceability Network® (RTN). These new members will efficiently exchange intricate, FDA-required Key Data Elements (KDEs) for each Critical Tracking Event (CTE) in their supply chains, ensuring proactive compliance well before the January 2026 deadline.
Among the 25 new beverage and candy suppliers are many with a rich history. One company is the largest grower and producer of fresh pomegranates and pomegranate juice in the United States, widely recognized for its signature product. Another supplier is a well-established candy manufacturer, known for crafting licorice treats since the early 1900s. Additionally, a third supplier, founded nearly a century ago, is famous for its beloved candy products that have delighted generations of consumers.
“Traceability is working to benefit these suppliers by ensuring seamless compliance with upcoming FDA regulations,” stated Randy Fields, chairman and CEO of ReposiTrak. “Our hardware-free solution allows suppliers to exchange data in any format with unlimited customers in the ReposiTrak Traceability Network, simplifying retailer processes and facilitating efficient supplier onboarding.”
The ReposiTrak Traceability Network requires no additional hardware or software and the ReposiTrak team assists in making the connections needed under the new regulation. Suppliers can connect to an unlimited number of trading partners and share data for a low, flat fee.
About ReposiTrak
ReposiTrak (NYSE: TRAK), formerly Park City Group, provides retailers, suppliers, food manufacturers and wholesalers with a robust solution suite to help reduce risk and remain in compliance with regulatory requirements, enhance operational controls and increase sales with unrivaled brand protection. Consisting of three product families – food traceability, compliance and risk management and supply chain solutions – ReposiTrak’s integrated, cloud-based applications are supported by an unparalleled team of experts. For more information, please visit https://repositrak.com
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Investor Relations Contact:
John Merrill, CFO
Investor-relations@repositrak.com
Or
FNK IR
Rob Fink
646.809.4048
rob@fnkir.com
Source: ReposiTrak
