Ground-breaking incentive introduced for seafood traceability
Trace Register has forged a pioneering partnership with Foa & Son International Insurance Brokers.
This collaboration is being seen as industry-changing for seafood businesses, providing them with advanced tools to safeguard their operations while benefiting from reduced operational costs.
The partnership uses the expertise of Foa & Son to provide Trace Register seafood customers with an incentive for product contamination & recall insurance. Working with a preferred provider that typically offers a 10% premium credit for pre-crisis consultation services, this offer will allocate 5% of the premium or half of that budget directly toward Trace Register seafood traceability subscription costs. Companies receive this reimbursement by submitting their invoice to Foa & Son.
“It is a big win for our customers,” said Chris Bradford, SVP of sales at Trace Register: “This first-of-its-kind offering for the seafood industry reinforces our dedication to meet our customers where they are. It addresses the tight margins in the seafood industry while providing critical brand protection and operational savings.”
Trace Register’s TR5 seafood traceability system provides a robust solution for data collection and management to address current industry challenges. It allows for integrating data from various sources into a unified system, facilitating information sharing while maintaining the confidentiality of proprietary details. The platform’s real-time and continuous monitoring and analysis (CMCA) capabilities enhance compliance and product quality by verifying data accuracy and driving corrective actions.
Peter Sollecito, SVP at Foa & Son, believes in the value of this initiative, “Foa & Son is a trusted partner with deep expertise in the seafood industry. This partnership demonstrates our ongoing efforts to support the seafood industry and lead with proactive, innovative risk management solutions.”
The reimbursement process is straightforward and customer-focused, bringing ease and simplicity to the customer experience.
