Time and temperature sensitive logistics services

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VerifyMe Provides Services Update
Prnewswireยท 2025-09-11 12:05
Core Insights - VerifyMe, Inc. is transitioning its Proactive services customers from FedEx to a new shipping partner effective September 24, 2025, aiming to provide cost savings during the peak holiday season while maintaining service quality [2][3] Company Overview - VerifyMe, Inc. operates in the logistics and supply chain sector, focusing on time and temperature-sensitive products, offering services such as traceability, authentication, and anti-counterfeiting [3] Service Changes - The top 5% of customers in PeriShip's Precision Logistics business account for over 60% of Proactive services revenue, with an average customer relationship tenure exceeding 7 years [2] - The company expects the new shipping partnership to enhance customer savings and service continuity during the holiday season [2] Financial Context - The transition to a new shipping partner is not anticipated to affect the Premium services provided to existing FedEx customers [2]