Traceability Technology Proves FSMA 204 Works, Thousands of Suppliers Adopting Now
ReposiTrak (NYSE:TRAK), the world's largest food traceability and regulatory compliance network, is successfully implementing end-to-end traceability for thousands of food supply chain operators to meet the FDA's FSMA 204 law requirements before the January 2026 deadline. The company's ReposiTrak Traceability Network® (RTN) enables suppliers, retailers, and wholesalers to exchange traceability data, including lot codes and shipment details, cost-effectively and without additional hardware or software.
CEO Randy Fields emphasizes that traceability is important for enhancing food safety, creating supply chain transparency, and speeding up recall processes. Hundreds of suppliers are already using RTN to share data with their customers, with thousands more in the queue. The solution offers a low-cost, flat-fee model for suppliers to connect with unlimited in-network customers, while retailers and wholesalers can use the service for free.
- ReposiTrak is successfully implementing end-to-end traceability for thousands of food supply chain operators
- The company's solution meets and exceeds FSMA 204 requirements at a low cost
- Hundreds of suppliers are already using RTN, with thousands more in the queue
- Suppliers can connect to unlimited customers for a low, flat fee
- No cost for retailers and wholesalers to use the service
- None.
Insights
FSMA 204 compliance is essential for food supply chain operators, as it strengthens food safety protocols and enhances transparency. By implementing ReposiTrak's traceability solution, companies can seamlessly meet regulatory requirements ahead of the January 2026 deadline. Traceability aids in faster and more accurate recalls, reducing potential public health risks and liability issues. This proactive step can foster trust with consumers and regulatory bodies, potentially positioning compliant companies more favorably in the market.
The low-cost and no additional hardware requirement of ReposiTrak's solution is a significant advantage, making compliance more accessible. This can help smaller suppliers who may have been concerned about the financial burden of compliance. Ensuring rapid data retrieval aligns with FSMA 204, which mandates that Key Data Elements (KDEs) be available within 24 hours to the FDA.
Understanding these details helps investors appreciate the practical benefits and regulatory foresight being addressed, potentially indicating strong future performance for ReposiTrak and its clients.
The widespread adoption of ReposiTrak's traceability solution highlights a significant trend in the food supply chain market. As thousands of suppliers integrate this technology, it indicates a substantial shift towards improved transparency and efficiency. This trend is likely to attract more clients to ReposiTrak, boosting their market share and revenue streams.
From an investment perspective, the early and scalable adoption of this technology can be a positive indicator of future profitability. The solution's interoperability and cost-effectiveness suggest high customer retention and potential for market expansion. Additionally, the alignment with regulatory requirements provides a competitive edge, reducing the risk of non-compliance penalties for users.
Investors should consider these factors when evaluating the potential growth and stability of ReposiTrak in the food traceability and compliance market.
Suppliers are using interoperable ReposiTrak solution to share FSMA 204 food traceability data, including lot codes, with retail and wholesale customers ahead of January 2026 deadline
“Traceability is inherently good,” explains ReposiTrak CEO and Chairman Randy Fields. “It’s the single most important way for food supply chain operators to create more transparency within supply chains, speed the recall process and enhance food safety while meeting the requirements of the law under the FDA’s FSMA 204 Traceability Final Rule.”
The FDA finalized the FSMA 204 food traceability law in November 2022, announcing requirements for food manufacturers, processors, packers and retailers to maintain records containing certain Key Data Elements (KDEs), including lot codes, for each Critical Tracking Event (CTE) in the supply chain for certain foods. Those KDEs must be stored in a retrievable format that can be sent to the FDA within 24 hours of a request, thereby facilitating more effective foodborne illness outbreak investigations.
Leveraging its established inventory management and out-of-stock reduction SaaS platform, ReposiTrak developed, tested and has rolled out the ReposiTrak Traceability Network® (RTN), a solution that enables food supply chain operators to meet and exceed FSMA 204 requirements at a low cost without the need for additional hardware or software. Hundreds of suppliers are already exchanging traceability data with their retail and wholesale customers through RTN and thousands more are in the queue. Suppliers can connect to an unlimited number of in-network retail and wholesale customers to share data for a low, flat fee, and there is no cost to retailers and wholesalers.
“There are some who say that traceability can’t be done, it’s too expensive or that it’s technically too difficult. Through our experience implementing traceability, though, we can say that is not the case,” continued Fields. “It’s important for the industry to know that traceability is possible and that there are suppliers, retailers and wholesalers out there who are already doing it.”
Food supply chain operators interested in learning more about traceability can 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/20240716486109/en/
Derek Hannum
Chief Customer Officer
ReposiTrak
dhannum@repositrak.com
Source: ReposiTrak
FAQ
What is the deadline for complying with the FDA's FSMA 204 food traceability law?
How does ReposiTrak (TRAK) help food suppliers meet FSMA 204 requirements?
What are the Key Data Elements (KDEs) required by FSMA 204?
How quickly must food supply chain operators provide traceability data to the FDA under FSMA 204?
