VerifyMe, Inc. provides brand owners with time and temperature-sensitive logistics, supply chain traceability, authentication, anti-counterfeiting, and brand enhancement services.
Effective September 24, 2025, VerifyMe's Periship Precision Logistics division will no longer offer FedEx shipping services to Proactive services customers, but will start offering services aligned with a new shipping partner.
The relationship with the new shipping partner is expected to bring cost savings to Proactive customers during the peak holiday season while maintaining quality services.
Change in Shipping Partners
Periship Precision Logistics will transition to a new shipping partner for Proactive services customers, discontinuing FedEx services.
Customer Revenue Distribution
The top 5% of Precision Logistics customers generate over 60% of revenue.
Long-Term Relationships
The average tenure with top customers exceeds 7 years, reflecting strong customer relationships.
- The shift to a new shipping partner for Proactive services is expected to impact cost structures and potentially enhance customer service.
- Maintaining quality service during the transition will be crucial to retain Proactive customers and sustain revenue streams.
Overall, VerifyMe's move to a new shipping partner for Proactive services reflects a strategic shift aimed at optimizing cost efficiency and enhancing customer experience. The long-standing relationships with top customers provide a solid foundation for continued growth and stability in revenue streams.