ReposiTrak Welcomes 50 New Suppliers Featuring Nut Butter Products to Rapidly Expanding Food Traceability Network
05 November 2024 - 1:00PM
Business Wire
As regulatory deadlines approach, 50 suppliers
of products containing nut butter join ReposiTrak to harness its
innovative, hardware-free traceability solutions
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, is
proud to welcome 50 suppliers of nut butter products 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 well before the January 2026
deadline.
Among the new suppliers are brands celebrated for quality and
health-focused products. One, producing over 400 different products
ranging from gluten-free and organic to various grains, bars,
cereals and more for over 45 years. Another, specializing in
avocado-based products and premium nut butters, brings a focus on
healthy fats and simple ingredients to support wellness-focused
consumers. A third, specializing in plant-based, health-forward
bars and snacks for over 20 years, serves wellness-conscious
consumers with a commitment to sustainability and ethical
sourcing.
“ReposiTrak’s hardware-free solution is perfectly suited for all
food suppliers as the need for comprehensive traceability expands
across product categories,” stated Randy Fields, chairman and CEO
of ReposiTrak. “With FDA Food Traceability List items, like nut
butters and other ingredients used widely throughout the
supermarket, many retailers are extending traceability to all foods
to capture every item containing traceable ingredients and reduce
compliance risks. Our solution ensures suppliers meet both FDA and
retailer requirements, all without additional hardware or
software.”
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 share data for a
low, flat fee.
About ReposiTrak
ReposiTrak (NYSE: TRAK) provides retailers, suppliers, food
manufacturers 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/20241105670788/en/
Investor Relations Contact: John Merrill, CFO
Investor-relations@repositrak.com
Or FNK IR Rob Fink 646.809.4048 rob@fnkir.com
ReposiTrak (NYSE:TRAK)
Historical Stock Chart
Von Okt 2024 bis Nov 2024
ReposiTrak (NYSE:TRAK)
Historical Stock Chart
Von Nov 2023 bis Nov 2024