25 Confectionery Companies Enter the Queue for ReposiTrak’s Expanding Traceability Network
25 Junio 2024 - 6:00AM
Business Wire
Ahead of regulatory deadlines, 25 confectionery
companies are queued to 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
preparing to welcome 25 new confectionery companies into the queue
for 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 25 confectionery companies joining the queue for RTN
are three notable manufacturers, each with histories stretching
back more than 100 years. The first is renowned for creating some
of the most beloved chocolate bars and confections. The second is
recognized for its broad range of popular candies, including
chocolates, gums, and mints, and is known for its innovation and
global reach. The third has been revered for its commitment to
quality and tradition in chocolate craftsmanship, offering
gift-boxed chocolates.
"As industry leaders queue up for the ReposiTrak Traceability
Network, they are setting an example in regulatory compliance and
supply chain efficiency," stated Randy Fields, chairman and CEO of
ReposiTrak. "Our platform enables these suppliers to share
traceability data with all their networked customers efficiently
and without the need for 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), 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
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version on businesswire.com: https://www.businesswire.com/news/home/20240625275510/en/
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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