ReposiTrak Welcomes a New Wholesaler to Rapidly Expanding Food Traceability Network

Rhea-AI Summary

ReposiTrak, a leader in food traceability and compliance, has expanded its Traceability Network (RTN) by adding a new wholesaler. This addition brings over 250 retail stores and 300 suppliers, enhancing the network's compliance with the FDA's FSMA 204 traceability law. The RTN facilitates the sharing of Key Data Elements (KDEs), required for food safety, among suppliers and customers. Randy Fields, CEO of ReposiTrak, emphasizes the network's capability to provide real-time visibility and proactive compliance. The RTN is free for retailers and wholesalers, with suppliers paying a nominal fee per facility for unlimited connections.

Positive

• The addition of a new wholesaler boosts the ReposiTrak network by over 250 retail stores and 300 suppliers.
• The RTN facilitates compliance with the FDA’s FSMA 204 traceability law, ensuring food safety.
• The network offers real-time visibility and proactive compliance for all partners.
• ReposiTrak's solution requires no additional hardware or software, easing the integration process.
• The RTN is free for retailers and wholesalers, with only a nominal fee for suppliers.

Negative

• Suppliers face a nominal, per-facility fee to join the ReposiTrak Traceability Network.
• Compliance requires the collection and storage of intricate Key Data Elements (KDEs), which might be cumbersome for some suppliers.

Joining 7 other wholesalers and distributors already connecting ReposiTrak, the wholesaler adds more than 250 retail stores and 300 suppliers to the world's largest and fastest-growing traceability network

SALT LAKE CITY--(BUSINESS WIRE)-- ReposiTrak (NYSE: TRAK), the world's leader in food traceability and regulatory compliance, leveraging its comprehensive inventory management and out-of-stock reduction SaaS platform, welcomes a new wholesaler to the ReposiTrak Traceability Network^® (RTN). The wholesaler will use RTN to collect and store the intricate, FDA-required Key Data Elements (KDEs) for thousands of its suppliers in advance of the January 2026 deadline.

Most of the wholesaler’s 300 suppliers are required under the FDA’s FSMA 204 traceability law to share KDEs every time a shipment is sent. As these suppliers join RTN, they will have the ability to share KDEs with this wholesaler and also with their other customers. With the recent addition of over 250 stores, a significant portion of retail grocery locations now utilize RTN to meet and surpass the traceability requirements of FSMA 204.

"By joining the ReposiTrak Traceability Network, this leading wholesaler can now ensure unparalleled food safety and FSMA 204 compliance across its supply chain," stated Randy Fields, chairman and CEO of ReposiTrak. "Our solution enables seamless data exchange, real-time visibility and proactive compliance with FDA regulations, empowering every partner in our network to operate more efficiently and securely. We are proud to provide a scalable solution that meets the evolving needs of the entire food industry."

The ReposiTrak Traceability Network is free for retailers and wholesalers and suppliers pay a nominal, per-facility fee to connect to an unlimited number of in-network customers. No additional hardware or software is required and the ReposiTrak team assists in making the connections needed under the FSMA 204 food traceability law.

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/20240521600986/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 impact of the new wholesaler joining ReposiTrak's Traceability Network?

The new wholesaler adds over 250 retail stores and 300 suppliers to ReposiTrak's Traceability Network, enhancing compliance with FDA's FSMA 204 traceability law.

How does ReposiTrak's Traceability Network benefit suppliers?

Suppliers can share Key Data Elements (KDEs) with multiple customers, ensuring compliance with FDA regulations and enhancing food safety.

What are the costs associated with joining the ReposiTrak Traceability Network?

The network is free for retailers and wholesalers, while suppliers pay a nominal, per-facility fee.

What is the significance of FSMA 204 in ReposiTrak's Traceability Network?

FSMA 204 mandates the sharing of Key Data Elements (KDEs) for food traceability, which the ReposiTrak network facilitates, ensuring compliance and food safety.

When is the FSMA 204 traceability law deadline for suppliers?

Suppliers must comply with the FSMA 204 traceability law by January 2026.