Four New Produce Companies Join Expanding ReposiTrak Traceability Network to Share Traceability Data With Retailers, Wholesalers

Rhea-AI Summary

ReposiTrak (TRAK) announces the addition of four unique produce companies to its Traceability Network, enabling the exchange of FDA-required Key Data Elements to ensure compliance ahead of the January 2026 deadline. The new users include a variety of farming, wholesaling, and supply chain management companies, highlighting the growing need for traceability in the fresh produce industry.

Insights

Supply Chain Management Expert

ReposiTrak's expansion with the addition of four produce companies to its Traceability Network underscores the increasing importance of supply chain transparency in the food industry. The implementation of Key Data Elements (KDEs) for Critical Tracking Events (CTEs) is vital for compliance with FDA regulations. This move not only aligns with the upcoming January 2026 deadline but also reflects a proactive approach to food safety and traceability. By streamlining data exchange without the need for additional hardware or software, ReposiTrak is enhancing efficiency and potentially reducing costs associated with compliance for suppliers.

From a supply chain perspective, this development could lead to improved recall response times and more accurate tracking of products, which is crucial in the event of foodborne illness outbreaks. The flat fee model for suppliers and no cost to retailers could incentivize more companies to join the network, expanding the reach and effectiveness of the system. However, the long-term success will depend on the seamless integration of these new companies and the robustness of the data exchange capabilities.

Food Safety Analyst

The addition of the four produce companies to the ReposiTrak Traceability Network represents a significant step forward in the food industry's efforts to meet stringent safety standards. The ability to track and exchange complex data elements is not just a regulatory requirement but a critical component in ensuring consumer safety. The focus on both conventional and organic produce highlights the diverse nature of the food supply chain and the need for traceability systems that can handle varying product categories.

For stakeholders, this could mean greater confidence in the safety of the products they are consuming or selling. However, the effectiveness of these systems relies heavily on the accuracy and timeliness of the data provided by each entity in the supply chain. Any discrepancies in data can have a ripple effect, potentially undermining the integrity of the entire traceability network.

Financial Analyst

The announcement by ReposiTrak may be viewed favorably by investors as it demonstrates the company's ability to attract new clients and expand its service offerings within the food industry. The integration of new companies ahead of regulatory deadlines may also position ReposiTrak as a leader in compliance solutions, potentially opening up avenues for further growth and partnerships.

While the immediate financial impact may be limited, considering the low, flat fee structure for suppliers, the long-term benefits could include a more stable and reliable revenue stream. Additionally, as the network grows, the data collected could become a valuable asset for predictive analytics and supply chain optimization. Investors should monitor the adoption rate of ReposiTrak's network and any changes in regulatory requirements that could influence the company's market position.

With supplier base in the thousands, ReposiTrak enables exchange of Key Data Elements that meet and exceed FDA requirement

SALT LAKE CITY--(BUSINESS WIRE)-- ReposiTrak (NYSE: TRAK), the world's largest food traceability and regulatory compliance network, built upon its proven inventory management and out-of-stock reduction SaaS platform, today announced the addition of four unique produce companies to the ReposiTrak Traceability Network^® (RTN). The new users will exchange complex, FDA-required Key Data Elements (KDEs) for each Critical Tracking Event (CTE) in the supply chain, ensuring compliance ahead of the January 2026 deadline.

The users include:

• A third-generation farming operation producing conventional, organic and private label vegetables and ready-to-eat salad kits from the Salinas Valley in California to Yuma, Arizona
• A Rio Rico, Arizona-based wholesaler of fruits and vegetables focused on an efficient buying experience for its customers
• A grower, shipper, repacker, and supply chain manager of fresh fruits and vegetables with a network of global and local Midwest family farms in operation since 1949
• A California-based grower, packer and shipper of more than 15 million cartons of fresh fruit annually, sourced from local and international farms to serve its North America base

“Traceability is required by law for an enormous amount of whole and fresh cut fruits and vegetables. Retailers and wholesalers in the ReposiTrak Traceability Network are taking action,” said Randy Fields, chairman and CEO of ReposiTrak. “Some are doing traceability with us for the entire produce category, not just Food Traceability List foods.”

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 begin sharing data for a low, flat fee and there is no cost to retailers.

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/20240116256524/en/

Investor Relations Contact:

John Merrill, CFO

Investor-relations@parkcitygroup.com

Or

FNK IR

Rob Fink

646.809.4048

rob@fnkir.com

Source: ReposiTrak

FAQ

What is the ticker symbol for ReposiTrak?

The ticker symbol for ReposiTrak is TRAK.

What is the ReposiTrak Traceability Network?

The ReposiTrak Traceability Network is a platform for exchanging Key Data Elements to ensure compliance with FDA requirements.

How many new users were added to the ReposiTrak Traceability Network?

ReposiTrak added four new produce companies to its Traceability Network.

What type of companies were added to the ReposiTrak Traceability Network?

The new users include a third-generation farming operation, a wholesaler of fruits and vegetables, a grower, shipper, repacker, and supply chain manager, and a grower, packer, and shipper of fresh fruit.

What is the purpose of traceability in the fresh produce industry?

Traceability is required by law for whole and fresh cut fruits and vegetables to ensure compliance with FDA regulations.