ReposiTrak Traceability Network Grows to 4,000 Suppliers, Attracting Retailers and Wholesalers for Fast, Easy FSMA 204 Compliance

Rhea-AI Summary

ReposiTrak (NYSE:TRAK), the world's largest food traceability and regulatory compliance network, has reached a significant milestone with 4,000 food suppliers joining the ReposiTrak Traceability Network® (RTN). This growth facilitates easier compliance with the FDA's FSMA 204 food traceability final rule for retailers and wholesalers.

Key points:

• Suppliers can share all FDA-required traceability data through RTN
• Suppliers represent categories on the FDA's Food Traceability List (FTL) and beyond
• RTN enables efficient exchange of Key Data Elements (KDEs) with multiple customers
• Onboarding process is automated with no new hardware or software required
• Suppliers can share data with unlimited in-network customers for a flat fee
• FSMA 204 enforcement begins January 20, 2026

Positive

• ReposiTrak has reached 4,000 food suppliers in its Traceability Network
• The network facilitates compliance with FDA's FSMA 204 food traceability rule
• Suppliers can share data with unlimited customers for a flat fee
• Automated onboarding process with no new hardware or software required

Negative

• None.

Insights

Market Research Analyst

ReposiTrak's achievement of 4,000 suppliers in its Traceability Network is a significant milestone, indicating strong industry adoption ahead of the FSMA 204 compliance deadline. This growth demonstrates ReposiTrak's market leadership in food traceability solutions, potentially strengthening its competitive position.

The company's automated, hardware-free approach and flat-fee model for unlimited data sharing could be attractive for suppliers, potentially driving further network growth. For investors, this could translate to increased revenue streams and market share as more retailers and wholesalers join to leverage the existing supplier base.

However, with the compliance deadline not until January 2026, it's important to monitor the pace of adoption and any potential regulatory changes. The long lead time could allow competitors to develop rival solutions, potentially impacting ReposiTrak's first-mover advantage.

Tech Expert

ReposiTrak's Traceability Network leverages a SaaS platform, which typically offers high scalability and recurring revenue potential. The network effect created by 4,000 suppliers could provide a significant competitive moat, as it becomes increasingly valuable for retailers and wholesalers to join where their suppliers are already present.

The company's emphasis on automated onboarding and no additional hardware requirements reduces friction for adoption, which is important in the B2B space. This low-barrier entry strategy could accelerate growth as the compliance deadline approaches.

Investors should consider the long-term technological scalability of the platform, as handling complex traceability data for thousands of companies will require robust infrastructure and data management capabilities. The success of this platform could position ReposiTrak for expansion into other regulatory compliance areas beyond food traceability.

Retailers and wholesalers find that many or most of their suppliers are traceability-ready, as the industry prepares with ReposiTrak

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, has reached a major growth milestone, welcoming 4,000 food suppliers to the ReposiTrak Traceability Network® (RTN). Each supplier is in the process of connecting to RTN to share data as required under the U.S. Food and Drug Administration’s FSMA 204 food traceability final rule, making traceability easier for retailers and wholesalers.

“The industry is waking up to the fact that traceability is here. We can tell, because we’re doing it, while others are just talking about it,” said ReposiTrak Chairman and CEO Randy Fields. “Through RTN, we establish a connection with each supplier that enables them to share ALL of the FDA-required traceability data and not just what’s on the label. Suppliers can then share this data with any of their retailer or wholesaler customers, which makes it a practical solution for everyone involved.”

With a network of this size, retailers or wholesalers who are new to RTN find that many of their suppliers are already onboarding. The suppliers in the queue to connect to RTN represent each category on the FDA’s Food Traceability List (FTL) and beyond. Once connected to RTN, suppliers can efficiently exchange intricate, FDA-required Key Data Elements (KDEs) with any of their retailer or wholesaler customers, ensuring proactive compliance before FSMA 204 enforcement begins January 20, 2026. The onboarding process for suppliers is entirely automated, no new hardware or software is required, and suppliers can share data with an unlimited number of in-network customers for one low, flat fee.

Suppliers, retailers and wholesalers interested in learning more about food traceability and the ReposiTrak Traceability Network should contact ReposiTrak Chief Customer Officer Derek Hannum at dhannum@repositrak.com.

About ReposiTrak

ReposiTrak (NYSE: TRAK), formerly Park City Group, provides retailers, suppliers and wholesalers with a robust solution suite 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 repositrak.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241008055555/en/

Derek Hannum

Chief Customer Officer

ReposiTrak

dhannum@repositrak.com

Source: ReposiTrak

FAQ

How many suppliers are now part of ReposiTrak's Traceability Network (RTN)?

ReposiTrak's Traceability Network (RTN) has reached 4,000 food suppliers.

What is the purpose of ReposiTrak's Traceability Network for FSMA 204 compliance?

The ReposiTrak Traceability Network (RTN) enables suppliers to share FDA-required traceability data with retailers and wholesalers, making compliance with FSMA 204 easier.

When does FSMA 204 enforcement begin for ReposiTrak (NYSE:TRAK) users?

FSMA 204 enforcement begins on January 20, 2026, for all food industry participants, including ReposiTrak (NYSE:TRAK) users.

What are the benefits for suppliers using ReposiTrak's Traceability Network?

Suppliers using ReposiTrak's Traceability Network can share data with unlimited in-network customers for a flat fee, with an automated onboarding process and no new hardware or software required.