ReposiTrak and National Grocers Association Team Up to Offer Free and Quick Set-Up for Food Traceability Network

Rhea-AI Summary

ReposiTrak announces the waiver of the $2,000 setup fee for food suppliers connecting to its Traceability Network, facilitating compliance with upcoming FDA food traceability rules. This partnership with the National Grocers Association (NGA) aims to support over one-third of U.S. grocery retail sales by simplifying traceability for suppliers and retailers. The Network allows suppliers to join within an hour and enables unlimited records sharing for a low, flat fee. This initiative highlights the growing importance of traceability in light of the new FDA regulations.

Positive

• Waiving of the $2,000 setup fee facilitates supplier onboarding, increasing participation in the Traceability Network.
• Partnership with NGA enhances visibility within a significant market segment, representing more than one-third of U.S. grocery retail sales.
• The ReposiTrak Traceability Network simplifies compliance with new FDA food traceability requirements.

Negative

• None.

Joining the ReposiTrak Traceability Network^® enables independent retailers and their suppliers to be prepared for looming FDA food traceability requirements

SALT LAKE CITY--(BUSINESS WIRE)-- ReposiTrak, a major provider of supply chain, food safety and supplier management technology solutions, is waiving the $2,000 setup fee for food suppliers connecting to the ReposiTrak Traceability Network^®. The Network, which is the focus of the recently announced partnership with the National Grocers Association (NGA), is the easiest way for suppliers and their wholesaler and retailer customers to share traceability data that will be required by a new U.S. Food and Drug Administration (FDA) rule for high-risk foods, scheduled to be issued this month.

The partnership brings traceability resources to NGA’s independent grocer and wholesaler members, who represent more than one-third of U.S. grocery retail sales. Complimentary access to the ReposiTrak Traceability Network provides food suppliers with the opportunity to become traceability ready at no cost, making traceability easier for them as well as their retailer/wholesaler customers.

“Without the ReposiTrak Traceability Network, the new requirements under the Food Safety Modernization Act Section 204 will become a recordkeeping and data management nightmare for suppliers and their customers,” said ReposiTrak Chairman and CEO Randy Fields. “Through automation and our proven supply chain technology, the Network simplifies the creation and sharing of the Key Data Element records required by the FDA.”

The process to join the Network takes less than one hour and for a limited time ReposiTrak will waive the initial setup fees for food industry suppliers. Once data exchange begins, suppliers will pay a low, flat fee for unlimited records creation and Key Data Element sharing with their in-network trading partners.

“The FDA has made it clear that the current list of foods that will require end-to-end traceability is just the beginning, as they encourage voluntary adoption of traceability practices industry-wide. The ReposiTrak Traceability Network can support mass-scale traceability records creation and retention, at a cost that is less than most companies spend on EDI,” continued Fields. “We think of traceability readiness as a brand differentiator, which is a message we will take to retailers via our partnership with NGA.”

In a step toward industry-wide adoption, the ReposiTrak Traceability Network recently gained momentum through its partnership with NGA, which represents more than 1,700 independent supermarket operators accounting for nearly 9,000 storefronts. The solution is built on the world’s largest compliance network and its development was guided by the Food Traceability Leadership Consortium, a group of industry trade organizations, wholesalers and retailers that set out the objective for ReposiTrak to develop the easiest and least expensive solution that meets and exceeds FSMA 204 requirements.

“Today’s food system has becoming increasingly complex with many stakeholders spanning global to regional and local levels. At the same time, there is increased public awareness of recalls and expanded government regulations, making it imperative for retailers to be even more focused on product sourcing and food safety standards from farm to fork,” said Laura Strange, senior vice president of communications and external affairs at NGA. “The ReposiTrak Traceability Network is an essential solution that will help our members and their trading partners meet the new federal regulations and take advantage of many other benefits they’ll see from knowing exactly where products are at all times.”

Suppliers interested in the ReposiTrak program should contact Derek Hannum (DHannum@repositrak.com).

About ReposiTrak

ReposiTrak, Park City Group, Inc. (NASDAQ:PCYG), provides retailers, suppliers and wholesalers with a robust solution suite to help reduce risk and remain in compliance with regulatory requirements; enhance operational controls; source and discover new vendors; and increase sales with unrivaled brand protection. Consisting of four product families – food traceability, compliance and risk management, supply chain solutions and MarketPlace sourcing – ReposiTrak’s cloud-based platform’s integrated applications are mutually reinforcing and work synergistically to create value and positive impact. For more information, please visit https://repositrak.com/

About NGA

NGA is the national trade association representing the retail and wholesale community grocers that comprise the independent sector of the food distribution industry. An independent retailer is a privately owned or controlled food retail company operating a variety of formats. The independent grocery sector is accountable for about 1.2 percent of the nation's overall economy and is responsible for generating more than $250 billion in sales, 1.1 million jobs, $39 billion in wages and $36 billion in taxes. NGA members include retail and wholesale grocers located in every congressional district across the country, as well as state grocers’ associations, manufacturers and service suppliers. For more information about NGA, visit www.nationalgrocers.org.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221103006105/en/

Derek Hannum

For ReposiTrak Sales Inquiries

435-645-2230

dhannum@repositrak.com



Ron Margulis

For ReposiTrak Media Inquiries

908-337-0020

ron@rampr.com

Source: ReposiTrak

FAQ

What is the ReposiTrak Traceability Network and its significance for PCYG?

The ReposiTrak Traceability Network provides food suppliers with a way to comply with new FDA traceability requirements, enhancing operational efficiency and reducing costs.

How does the partnership with the National Grocers Association benefit PCYG?

The partnership allows PCYG to reach over one-third of U.S. grocery retail sales, increasing its market presence and potential revenue.

What are the implications of the FDA's new food traceability rules for PCYG?

The new rules require suppliers to adopt traceability practices, creating a market for ReposiTrak’s solutions, thereby potentially increasing demand for its services.

What costs are associated with joining the ReposiTrak Traceability Network?

For a limited time, ReposiTrak is waiving the $2,000 setup fee, and afterward, suppliers will pay a low, flat fee for unlimited records sharing.