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TRAK ReposiTrak Inc

22.85
-0.35 (-1.51%)
28 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
ReposiTrak Inc NYSE:TRAK NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.35 -1.51% 22.85 23.2029 22.5621 23.17 55,291 01:00:00

ReposiTrak Welcomes 50 New Nut Butter Product Suppliers to Rapidly Expanding Food Traceability Network

26/11/2024 12:00pm

Business Wire


ReposiTrak (NYSE:TRAK)
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Ahead of regulatory deadlines, 50 nut butter product suppliers join ReposiTrak for 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 new nut butter product 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 well before the January 2026 deadline.

Among the 50 new suppliers, three especially reflect the diversity and strength represented in this group. One is the world’s largest food and beverage company, founded more than 150 years ago, and globally recognized for its portfolio covering almost every food and beverage category. Another is a Belgium-based innovator in indulgent and natural snacking, founded in 1932, with a collection of well-known snack food brands. The third is a U.S.-based leader in snack foods, established in 1913, with a broad portfolio of products including pretzels, sandwich crackers, potato chips, cookies, popcorn, and nuts distributed globally.

“Suppliers are joining not just to meet FDA requirements, but also to align with the stricter demands of many retailers,” stated Randy Fields, chairman and CEO of ReposiTrak. “Nut butters are a perfect example, as they’re used in a wide range of foods across stores, and many retailers now require traceability for all products on their shelves. ReposiTrak ensures seamless traceability for everyone, meeting both regulatory and customer requirements.”

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

Investor Relations Contact: John Merrill, CFO Investor-relations@repositrak.com

Or

FNK IR Rob Fink 646.809.4048 rob@fnkir.com

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