ReposiTrak Adds Four New California-based Produce Companies to Rapidly Expanding Food Traceability Network

Rhea-AI Summary

ReposiTrak (NYSE:TRAK) adds four California-based produce suppliers and wholesalers to its Traceability Network, allowing efficient exchange of FDA-required data elements for proactive compliance before the January 2026 deadline.

Insights

Supply Chain Analyst

The integration of new produce suppliers into the ReposiTrak Traceability Network signals a significant step towards enhanced supply chain visibility and regulatory compliance in the food industry. This move is not only about meeting the FDA's FSMA 204 law requirements but also about setting a new standard in food safety and traceability. The ability to exchange Key Data Elements (KDEs) for Critical Tracking Events (CTE) will allow for more accurate tracking of food items from farm to table, which is crucial in the event of a food safety incident.

From a supply chain perspective, the early adoption of such traceability measures by these produce suppliers could provide them with a competitive advantage. It can potentially reduce the time and resources required to manage recalls and improve overall operational efficiency. Moreover, this could lead to increased consumer trust in these brands, as transparency in food sourcing becomes a more valued commodity among shoppers.

Food Safety Expert

The adoption of the ReposiTrak Traceability Network by produce suppliers is a proactive approach to food safety. The Food Safety Modernization Act (FSMA) and its Rule 204 emphasize the importance of having detailed tracking information for foods to prevent and mitigate foodborne illness outbreaks. By joining the network, suppliers are committing to a higher standard of safety and transparency by ensuring that Critical Tracking Events (CTEs) and Key Data Elements (KDEs) are meticulously recorded and shared.

This level of detail in food traceability not only helps in pinpointing the source of contamination more quickly but also minimizes the economic impact of a recall by allowing for more targeted withdrawals. For the consumer, this translates to a reduced risk of exposure to contaminated products and an increased confidence in the safety of the food supply chain.

Financial Analyst

The announcement of new members joining the ReposiTrak Traceability Network is likely to be viewed positively by investors, as it demonstrates ReposiTrak's growing influence within the food traceability sector. This growth could reflect positively on ReposiTrak's financial performance, as the network expansion may lead to increased revenue streams from membership fees and data management services.

Furthermore, the move towards compliance with FDA regulations well ahead of the 2026 deadline may reduce the risk of future non-compliance penalties for these suppliers, which could have otherwise led to significant financial repercussions. By mitigating these risks, the companies involved may see improvements in their risk profiles, which could potentially influence their stock valuations favorably.

Hundreds of produce facilities are in the queue to join the world’s largest food traceability network

SALT LAKE CITY--(BUSINESS WIRE)-- ReposiTrak (NYSE:TRAK), the world’s largest food traceability and regulatory compliance network, today announced the addition of four California-based produce suppliers and wholesalers 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 before the January 2026 deadline.

The new members include:

• A Bakersfield, Calif.-based agricultural leader, renowned as the largest producer of carrots globally
• A wholesale produce distributor in Fullerton, Calif., offering essential staples, exotic varieties and a selection of other food products
• A century-old cultivator of tree fruits out of Reedley, Calif., producing peaches, plums and apricots, as well as additional crops including grapes, pomegranates, various citrus and kiwi
• A third-generation fruit grower headquartered in Dinuba, Calif., committed to innovation and excellence in agricultural research and development

"When produce companies join the ReposiTrak Traceability Network, they have the ability to exchange traceability information for both foods covered under the FDA’s FSMA 204 law, and any and all foods that they harvest or handle," stated ReposiTrak Chairman and CEO Randy Fields. "Joining the network now is critical for suppliers and wholesalers aiming to comply with the requirements of their customers and of the FDA before 2026."

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/20240206949445/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 the world's largest food traceability and regulatory compliance network.

What are the names of the new members added to the ReposiTrak Traceability Network?

The new members added to the ReposiTrak Traceability Network are a Bakersfield agricultural leader, a wholesale produce distributor in Fullerton, a century-old cultivator of tree fruits from Reedley, and a third-generation fruit grower from Dinuba, all based in California.

What does joining the ReposiTrak Traceability Network allow produce companies to do?

Joining the ReposiTrak Traceability Network allows produce companies to exchange traceability information for foods covered under the FDA's FSMA 204 law as well as any and all foods they harvest or handle.

What assistance does the ReposiTrak team provide for suppliers connecting to the network?

The ReposiTrak team assists in making the connections needed under the new regulation, and suppliers can connect to an unlimited number of trading partners and begin sharing data for a low, flat fee.