25 Grain and Baked Goods Companies Enter the Queue for ReposiTrak’s Expanding Traceability Network

Rhea-AI Summary

ReposiTrak (NYSE: TRAK) is set to welcome 25 grain and baked goods companies to its traceability network, RTN, ahead of FDA regulatory deadlines. These companies will leverage ReposiTrak's innovative, hardware-free solutions to exchange Key Data Elements (KDEs) for Critical Tracking Events (CTEs) in their supply chains, ensuring compliance by January 2026. Notably, three manufacturers, known for their baked goods, fillings, mixes, pasta, and sauces, will join RTN. ReposiTrak’s system simplifies compliance by allowing suppliers to share required KDEs through a single connection at a low, flat fee.

Positive

• 25 grain and baked goods companies joining RTN, enhancing network strength.
• RTN offers a hardware-free solution, reducing implementation costs.
• Compliance ensured before January 2026, mitigating regulatory risks.
• Flat fee structure makes it cost-effective for suppliers.

Negative

• None.

Food Safety and Compliance Analyst

The inclusion of 25 grain and baked goods companies in ReposiTrak's traceability network has significant implications for food safety and regulatory compliance. Traceability is important in the food industry, particularly for products listed under the FDA's Food Traceability List (FTL). This development represents a proactive measure ahead of the January 2026 deadline, ensuring these companies remain compliant and avoid potential regulatory penalties.

Key Data Elements (KDEs) and Critical Tracking Events (CTEs) are fundamental components of the FDA's traceability requirements. KDEs refer to the specific pieces of information that must be recorded and shared at each step in the supply chain, while CTEs are the precise points in the production process where traceability data must be captured. By joining ReposiTrak's network, these companies can efficiently manage and exchange this information, reducing the complexities and costs associated with compliance.

Another relevant point is that ReposiTrak offers a hardware-free solution. This means companies can leverage the network without investing in additional infrastructure, making it an attractive option for businesses of various sizes. The flat fee structure for connecting to unlimited trading partners further enhances the cost-effectiveness of this solution.

From a compliance perspective, this move not only ensures regulatory adherence but also positions these companies as industry leaders in traceability. This can enhance their reputation, build consumer trust and provide a competitive edge in a market increasingly focused on food safety.

Supply Chain Analyst

The integration of 25 grain and baked goods companies into ReposiTrak's Traceability Network can streamline supply chain operations significantly. Traceability is essential in modern supply chains, particularly for industries dealing with perishable goods. By using ReposiTrak's platform, these companies can improve their inventory management and reduce the risk of out-of-stock scenarios, which are critical in maintaining operational efficiency and meeting customer demand.

Moreover, the ability to connect with an unlimited number of trading partners through a single, simple interface can facilitate better collaboration and data exchange among supply chain participants. This results in improved transparency, helping companies track their products from origin to the end consumer. Enhanced traceability also allows for quicker responses to potential food safety issues, minimizing the impact of recalls and protecting the brand's reputation.

In the long term, this enhanced traceability can lead to more robust and resilient supply chains, capable of adapting to disruptions more swiftly. The cost savings from avoiding additional hardware and software investments also contribute positively to the bottom line.

Ahead of regulatory deadlines, 25 grain and baked goods companies are queued to join ReposiTrak for its innovative, hardware-free traceability solutions

SALT LAKE CITY--(BUSINESS WIRE)-- 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 preparing to welcome 25 new grain and baked goods companies into the queue for 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 companies entering RTN, three notable manufacturers are distinguished by their products, which often include several ingredients from the FDA’s Food Traceability List (FTL). The first is a food manufacturer that supplies baked goods to a variety of category-leading companies. The second, serving the bakery industry for more than a century, offers a broad range of products including various fillings and mixes. The third, operating for nearly 150 years, specializes in pasta and sauces, many featuring produce also on the FTL, ensuring compliance with traceability standards.

“Traceability is a requirement for FTL foods, even when they’re used as an ingredient, underscoring the need to track all food products thoroughly,” stated Randy Fields, chairman and CEO of ReposiTrak. “Our traceability solution simplifies compliance, allowing suppliers to share all required Key Data Elements (KDEs) with every customer through a single connection, efficiently meeting diverse traceability requirements.”

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 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20240619245596/en/

Investor Relations Contact:

John Merrill, CFO

Investor-relations@repositrak.com

Or

FNK IR

Rob Fink

646.809.4048

rob@fnkir.com

Source: ReposiTrak

FAQ

What is the significance of 25 companies joining ReposiTrak's traceability network?

The addition of 25 grain and baked goods companies to ReposiTrak's RTN strengthens the network ahead of FDA regulatory deadlines, ensuring proactive compliance.

How does ReposiTrak's traceability network (RTN) work?

RTN allows suppliers to exchange Key Data Elements for Critical Tracking Events in their supply chains through a hardware-free solution, simplifying compliance and data sharing.

What are Key Data Elements (KDEs) and Critical Tracking Events (CTEs) in ReposiTrak's system?

KDEs are essential data points required by the FDA for tracking food products, while CTEs are significant points in the supply chain where these data must be recorded and shared.

Who are some of the notable companies joining ReposiTrak's RTN?

Notable companies include a century-old bakery product supplier, a manufacturer of various fillings and mixes, and a company specializing in pasta and sauces.

What benefits does ReposiTrak's RTN offer to suppliers?

RTN offers a hardware-free, cost-effective solution with a low, flat fee structure, simplifying compliance and allowing unlimited connections with trading partners.