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Sysco Leading the Industry in FSMA Food Traceability Compliance

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Sysco (NYSE:SYY), the world's largest food distributor, has announced a comprehensive plan to support the Food Traceability Rule issued by the FDA under the Food Safety Modernization Act (FSMA). Effective summer 2024, Sysco will implement advanced traceability measures to ensure food safety, quality, and transparency from farm to table. Key components of Sysco's initiative include:

  • Partnering with iFoodDS for traceability solutions
  • Enhancing digital tracking systems
  • Collaborating with suppliers on traceability practices
  • Supporting customers with accessible traceability information
  • Establishing an internal task force for compliance and continuous improvement

Sysco aims to lead the industry in food safety and help its suppliers comply with the new regulations.

Sysco (NYSE:SYY), il più grande distributore di alimenti al mondo, ha annunciato un piano globale per supportare il Regolamento sulla Tracciabilità degli Alimenti emesso dalla FDA ai sensi del Food Safety Modernization Act (FSMA). A partire dall'estate 2024, Sysco implementerà misure di tracciabilità avanzate per garantire la sicurezza alimentare, la qualità e la trasparenza dalla fattoria alla tavola. I principali componenti dell'iniziativa di Sysco includono:

  • Collaborazione con iFoodDS per soluzioni di tracciabilità
  • Potenziare i sistemi di tracciamento digitale
  • Collaborare con i fornitori sulle pratiche di tracciabilità
  • Supportare i clienti fornendo informazioni sulla tracciabilità accessibili
  • Istituire un gruppo di lavoro interno per la conformità e il miglioramento continuo

Sysco punta a guidare l'industria nella sicurezza alimentare e ad aiutare i suoi fornitori a conformarsi alle nuove normative.

Sysco (NYSE:SYY), el mayor distribuidor de alimentos del mundo, ha anunciado un plan integral para apoyar la Regla de Trazabilidad de Alimentos emitida por la FDA bajo la Ley de Modernización de la Seguridad Alimentaria (FSMA). A partir del verano de 2024, Sysco implementará medidas avanzadas de trazabilidad para garantizar la seguridad alimentaria, la calidad y la transparencia desde la granja hasta la mesa. Los componentes clave de la iniciativa de Sysco incluyen:

  • Asociación con iFoodDS para soluciones de trazabilidad
  • Mejora de los sistemas de seguimiento digital
  • Colaboración con proveedores en prácticas de trazabilidad
  • Apoyo a los clientes con información de trazabilidad accesible
  • Establecimiento de un grupo interno para el cumplimiento y la mejora continua

Sysco tiene como objetivo liderar la industria en seguridad alimentaria y ayudar a sus proveedores a cumplir con las nuevas regulaciones.

세계 최대의 식품 유통업체인 Sysco (NYSE:SYY)는 식품안전 현대화법(FSMA)에 따라 FDA에서 발행한 식품 추적성 규정을 지원하기 위한 포괄적 계획을 발표했습니다. 2024년 여름부터 Sysco는 농장에서 식탁까지의 식품 안전, 품질 및 투명성을 보장하기 위해 고급 추적성 조치를 시행할 예정입니다. Sysco의 이니셔티브의 핵심 요소는 다음과 같습니다:

  • 추적성 솔루션을 위한 iFoodDS와의 파트너십
  • 디지털 추적 시스템 강화
  • 추적성 관행을 위해 공급업체와 협력
  • 접근 가능한 추적성 정보를 통해 고객 지원
  • 규정 준수 및 지속적 개선을 위한 내부 태스크포스 구성

Sysco는 식품 안전 분야에서 산업을 선도하고 공급업체가 새로운 규정에 부합하도록 도울 계획입니다.

Sysco (NYSE:SYY), le plus grand distributeur alimentaire au monde, a annoncé un plan complet pour soutenir la Règle de Traçabilité Alimentaire émise par la FDA dans le cadre de la Loi sur la Modernisation de la Sécurité Alimentaire (FSMA). À partir de l'été 2024, Sysco mettra en œuvre des mesures de traçabilité avancées pour garantir la sécurité alimentaire, la qualité et la transparence de la ferme à la table. Les principaux composants de l'initiative de Sysco comprennent :

  • Partenariat avec iFoodDS pour des solutions de traçabilité
  • Amélioration des systèmes de suivi numérique
  • Collaboration avec les fournisseurs sur les pratiques de traçabilité
  • Soutien aux clients avec des informations de traçabilité accessibles
  • Mise en place d'un groupe de travail interne pour la conformité et l'amélioration continue

Sysco vise à mener l'industrie en matière de sécurité alimentaire et à aider ses fournisseurs à se conformer aux nouvelles réglementations.

Sysco (NYSE:SYY), der größte Lebensmittelvertreiber der Welt, hat einen umfassenden Plan zur Unterstützung der von der FDA unter dem Food Safety Modernization Act (FSMA) herausgegebenen Lebensmittelrückverfolgbarkeitsregel angekündigt. Ab Sommer 2024 wird Sysco fortschrittliche Rückverfolgbarkeitsmaßnahmen implementieren, um die Lebensmittelsicherheit, Qualität und Transparenz vom Bauernhof bis zum Tisch zu gewährleisten. Wichtige Bestandteile der Initiative von Sysco sind:

  • Partnerschaft mit iFoodDS für Rückverfolgbarkeitslösungen
  • Verbesserung der digitalen Nachverfolgungssysteme
  • Zusammenarbeit mit Lieferanten bei Rückverfolgbarkeitspraktiken
  • Unterstützung der Kunden mit zugänglichen Rückverfolgbarkeitsinformationen
  • Einrichtung einer internen Arbeitsgruppe für Compliance und kontinuierliche Verbesserung

Sysco strebt an, die Branche in der Lebensmittelsicherheit zu führen und seinen Lieferanten zu helfen, die neuen Vorschriften einzuhalten.

Positive
  • Sysco is proactively addressing new FDA Food Traceability Rule requirements
  • Partnership with iFoodDS to enhance traceability solutions
  • Implementation of advanced digital tracking systems for real-time visibility
  • Commitment to support suppliers in achieving compliance
  • Establishment of an internal task force for continuous improvement and compliance monitoring
Negative
  • Potential increased costs associated with implementing new traceability systems
  • Possible disruptions to existing supply chain processes during implementation

Insights

Sysco's proactive approach to FSMA compliance is a significant strategic move. By partnering with iFoodDS and implementing advanced traceability measures, Sysco is positioning itself as an industry leader in food safety. This initiative will likely enhance Sysco's reputation and potentially increase market share.

The comprehensive plan addresses key aspects of the supply chain, from supplier collaboration to customer support. This holistic approach not only ensures Sysco's compliance but also assists its suppliers, creating a ripple effect of improved food safety practices throughout the industry. The emphasis on digital tracking systems and real-time visibility aligns with modern food safety best practices and could streamline operations, potentially leading to cost savings in the long run.

Sysco's traceability initiative is a game-changer for the food distribution industry. By implementing advanced digital tracking systems, Sysco is not just complying with regulations but optimizing its entire supply chain. This move could lead to improved inventory management, reduced waste and faster response times to food safety issues.

The partnership with iFoodDS is particularly noteworthy. It provides Sysco's suppliers with flexible options for data sharing, which could ease the transition for smaller suppliers and maintain a diverse supply base. This approach may give Sysco a competitive advantage by ensuring a more resilient and compliant supplier network. Long-term, this initiative could result in operational efficiencies and cost savings, potentially boosting Sysco's bottom line.

Sysco's leadership in FSMA compliance could have significant market implications. As the world's largest food distributor, Sysco's actions often set industry standards. This initiative may pressure competitors to accelerate their own compliance efforts, potentially reshaping the competitive landscape.

From a consumer perspective, increased traceability aligns with growing demands for transparency in the food supply chain. This could enhance Sysco's brand value and appeal to both B2B customers and end consumers who prioritize food safety. The move may also mitigate risks associated with food recalls, protecting Sysco's reputation and financial stability. Investors should view this as a proactive risk management strategy that could yield long-term benefits in terms of market position and customer trust.

Partners with iFoodDS to Ease Sysco Suppliers’ Path to Compliance

HOUSTON, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the world’s largest food distributor, today announced its comprehensive plan to support the Food Traceability Rule, issued by the U.S. Food and Drug Administration (FDA) under the Food Safety Modernization Act (FSMA).

The new Food Traceability Rule mandates establishing a traceability recordkeeping system for certain foods to facilitate faster identification and rapid removal of potentially harmful products from the market. Effective summer of 2024, Sysco will begin to implement advanced traceability measures to ensure its food products' safety, quality and transparency from farm to table.

"Sysco is dedicated to leading the industry in food safety to protect our customers and our communities," said Charles Leftwich, Sysco’s Vice President of Food Safety and Quality Assurance. "As the industry leader, we’re not just working toward our own regulatory compliance, we’re also taking steps to help our suppliers comply.”

Key Components of Sysco's Traceability Initiative:
  
Strong Partnerships: To bolster its traceability efforts, Sysco will partner with iFoodDS, a leader in traceability, food safety and quality management solutions. This collaboration will give Sysco's extensive supplier network flexible, interoperable and pragmatic options for sharing data required by FSMA 204.

Enhanced Digital Tracking Systems: Sysco will leverage state-of-the-art digital technologies to streamline product tracking through every stage of the supply chain to provide real-time visibility and ensure the integrity of traceability data.

Supplier Collaboration: Sysco will work closely with its vast network of suppliers to implement traceability practices. Sysco in partnership with iFoodDS will provide education and guidance to align supplier processes with Sysco's traceability standards.

Customer Support: Sysco is committed to supporting its customers with an effective solution that provides clear and accessible information regarding the traceability of its products.

Continuous Improvement and Compliance: Sysco will establish an internal task force to monitor compliance and continuously improve traceability processes. This team will ensure that Sysco remains at the forefront of food safety and regulatory adherence.

About Sysco
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 76,000 colleagues, the company operates 340 distribution facilities worldwide and serves approximately 730,000 customer locations. For fiscal year 2024 that ended June 29, 2024, the company generated sales of more than $78 billion. Information about our Sustainability program, including Sysco’s 2023 Sustainability Report and 2023 Diversity, Equity & Inclusion Report, can be found at www.sysco.com.

For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoFoods. For important news and information regarding Sysco, visit the Investor Relations section of the company’s Internet home page at investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.

For more information contact:

Media Contact
Matt Stewart
Matt.Stewart@sysco.com
281-584-1390 


FAQ

When will Sysco (SYY) implement the new Food Traceability Rule measures?

Sysco (SYY) will begin implementing advanced traceability measures to comply with the Food Traceability Rule in the summer of 2024.

Who is Sysco (SYY) partnering with for traceability solutions?

Sysco (SYY) is partnering with iFoodDS, a leader in traceability, food safety, and quality management solutions, to enhance its traceability efforts.

How will Sysco (SYY) support its suppliers in complying with the new regulations?

Sysco (SYY) will work closely with its supplier network, providing education and guidance to align supplier processes with Sysco's traceability standards, in partnership with iFoodDS.

What technologies will Sysco (SYY) use for product tracking?

Sysco (SYY) will leverage state-of-the-art digital technologies to streamline product tracking through every stage of the supply chain, providing real-time visibility and ensuring data integrity.

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