ReposiTrak Welcomes Three New Seafood Suppliers to the World’s Only Operational Traceability Network

Rhea-AI Summary

ReposiTrak (TRAK) welcomes three new seafood suppliers to its Traceability Network, ensuring FDA compliance before 2026. The network now has 19 new members since September, enhancing food traceability and regulatory compliance.

Insights

Supply Chain Management Expert

The integration of new seafood suppliers into the ReposiTrak Traceability Network marks a significant development in the realm of supply chain management, particularly within the food industry. The ability to efficiently exchange FDA-required Key Data Elements (KDEs) for Critical Tracking Events (CTEs) is crucial for ensuring that products meet safety standards and regulatory compliance, especially given the impending January 2026 deadline.

From a supply chain perspective, the adoption of advanced traceability systems can lead to improved inventory management, reduced waste and enhanced ability to respond to recalls or food safety issues. By joining ReposiTrak, these seafood suppliers are not only positioning themselves to meet regulatory requirements but also potentially gaining a competitive edge through increased consumer trust in their commitment to quality and safety.

Food Safety & Regulatory Compliance Analyst

The announcement by ReposiTrak underscores the importance of regulatory compliance in the food industry, particularly for seafood, which is often subject to stringent safety controls due to risks such as contamination and spoilage. The ability to trace food products through every stage of the supply chain is not only a regulatory requirement but also a critical component of public health protection.

For stakeholders, the proactive compliance of these suppliers with the FDA's traceability requirements could mitigate risk and reduce the likelihood of costly product recalls. Furthermore, the early adoption of such systems, well ahead of the 2026 deadline, demonstrates an industry-leading approach that could set new standards for traceability and safety in the seafood sector.

Market Analyst

For investors and market observers, the expansion of the ReposiTrak network is indicative of the growing significance of traceability in the food industry's value proposition. As consumer awareness and demand for transparent sourcing increases, companies that prioritize traceability may see enhanced brand loyalty and market share.

Additionally, the inclusion of a family-owned Alaskan seafood supplier and other notable seafood suppliers could signal a broader trend of traditional businesses embracing technological solutions to meet modern challenges. This strategic alignment with ReposiTrak could also reflect positively on the company's stock performance as investors often look favorably upon companies that are proactive in adopting industry best practices.

ReposiTrak makes 19^th new member announcement since September, this time welcoming three seafood suppliers to the world’s largest 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 three new seafood suppliers 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 family-owned Alaskan seafood supplier with over half a century of dedication to sustainability and innovation, serving a global market
• A New Jersey-based seafood supplier, renowned for being one of the largest importers of shrimp
• A wholesale seafood supplier procuring premium seafood from the Chesapeake Bay for nearly four decades

“The ReposiTrak Traceability Network is the world’s only operating traceability network,” explained ReposiTrak Chairman and CEO Randy Fields. “While others are just talking about traceability, we’re proud to be exchanging data and connecting new suppliers like these every day.”

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/20240213079073/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

Which seafood suppliers recently joined ReposiTrak's Traceability Network?

A family-owned Alaskan seafood supplier, a New Jersey-based seafood supplier, and a wholesale seafood supplier from Chesapeake Bay.

What is the purpose of exchanging Key Data Elements (KDEs) for Critical Tracking Events (CTEs) in supply chains?

To ensure proactive compliance with FDA regulations before the January 2026 deadline.

Who is ReposiTrak's Chairman and CEO?

Randy Fields.

How many new members have joined ReposiTrak's Traceability Network since September?

19 new members.

What makes ReposiTrak's Traceability Network unique?

It is the world's only operating traceability network.