- TrackX’s (TKX) Keychain tracking solution will serve as Do Good Foods’ supply chain and customer reporting platform
- Do Good Foods is an infrastructure solution for upcycling fresh food waste from grocery and other foodservice customers
- Under the agreement, Keychain will provide Do Good with company-wide asset tracing and tracking infrastructure
- The solution is expected to be rolled out in ten Do Good manufacturing sites over the next few years
- TrackX Holdings offers a SaaS-based enterprise tracing, tracking and collaboration solution that helps brands achieve more sustainable and better-performing supply chains
- TrackX (TKX) is up by 11.11 per cent and is currently trading at $0.10 per share
TrackX’s (TKX) Keychain tracking solution will serve as Do Good Foods’ supply chain and customer reporting platform.
Do Good Foods is an infrastructure solution for upcycling fresh food waste from grocery and other foodservice customers into human donations and livestock feed. The company helps some of the largest U.S. grocery retailers meet their ESG targets.
Under the agreement, TrackX’s Keychain platform will provide Do Good with company-wide asset tracing and tracking infrastructure. The platform uses the cloud, RFID readers and sensors to improve production in real-time.
Keychain is currently operational in one Do Good plant and is expected to be rolled out across an additional nine manufacturing sites – servicing 2,000 U.S. retail sites – over the next few years.
Tim Harvie, CEO of TrackX, stated,
“Over 40 per cent of all food produced in the U.S. goes to waste. Do Good Foods is addressing this huge issue with a circular supply chain solution that has the potential to both reduce its customers’ environmental footprint and provide incremental profits.
We’re excited to provide them with the supply chain transparency and quality they require to fulfill their vision for customers and their consumers and to operate as effectively and efficiently as possible.”
Justin Kamine, Co-CEO of Do Good Foods, added,
“Food waste is one of the biggest – yet solvable – catastrophes as we waste approximately 40 per cent of the food grown in this country. To put it into perspective, that is like buying five bags of groceries and throwing two of them in the garbage as you walk out the door. We know consumers are becoming more eco-conscious and want to waste less. Our TrackX partnership will enable us to achieve our mission of providing consumers with an easy way to do good for their plate and the planet.”
TrackX Holdings offers a SaaS-based enterprise tracing, tracking and collaboration solution that helps brands achieve more sustainable and better-performing supply chains.
TrackX (TKX) is up by 11.11 per cent and is currently trading at $0.10 per share as of 12:13 pm ET.