Verity surpasses 100 client sites
Reinforcing market leadership
Zurich, September 17, 2024 – Verity, a pioneer in AI-powered mobile intelligence, enabling complete operational visibility through fleets of fully autonomous drones, is thrilled to announce a significant milestone: surpassing 100 client sites worldwide. This achievement underscores the company’s unwavering commitment to revolutionizing the warehousing industry through cutting-edge technology.
The addition of another KeHE site in Portland, Oregon, this August, building on the success of multiple other locations already equipped in their extensive food distribution network, marks a momentous occasion. Verity’s rapid expansion from a handful of sites to over 100 in less than four years, despite initially entering the market during the COVID pandemic, showcases a remarkable growth trajectory. With an impressive average annual growth rate of 3.6X, Verity is solidifying its place as a dominant force in the market.
This success is a testament to the unparalleled value delivered by Verity to its trusted clients, including UPS, DSV, Maersk, On, KeHE and other leaders in the industry. Across all 100 sites, Verity’s solutions have consistently demonstrated remarkable results in:
- Efficient inventory issues identification: Verity’s intelligent scanning features targeting high-movement and high-issue-prone locations helps clients avoid an average of 6,200 inventory issues per site in the first year.
- Cost reduction: Streamlining operations and minimizing errors lead to significant cost savings.
- Operational efficiency: The Verity system optimizes workflows, leading to increased productivity and significant operational gains, delivering an estimated 800,000 hours saved annually across all client sites.
- Environmental impact: By reducing waste and improving efficiency, Verity helps clients achieve their sustainability goals, saving an estimated 653 tons of CO2 emissions—the equivalent of planting 25,000 trees—per site annually.
The foundation of this success lies in the exceptional reliability and adaptability of the Verity system. With less than 1 in 50,000 flights resulting in an unplanned maintenance event, the system boasts virtually zero downtime. Verity’s technology is:
- Lightweight and scalable: Verity’s modular design allows for easy deployment and expansion, meeting the diverse needs of warehouses of all sizes and scanning requirements.
- Distributed and flexible: Verity’s distributed technology ensures agility, versatility and resilience, minimizing downtime and maximizing operational efficiency.
- Intelligent and adaptive: Verity’s AI-powered algorithms continuously learn and adapt, optimizing performance over time.
Verity’s market leadership is indisputable, standing as the clear frontrunner in the industry. This position has been reinforced through rapid growth and the consistent delivery of value, establishing Verity as the preferred solution for businesses aiming to empower their warehousing operations with a system that radically transforms data collection in industrial environments.
Verity is in an unassailable position as the market leader and fastest-growing player, owning the largest datasets for warehouse insights and autonomous drone flights. This fuels a self-reinforcing cycle: the larger the dataset, the more Verity’s systems are optimized using AI. Improved performance and insights benefit clients, accelerate growth, and further expand the dataset, driving continuous improvement.
With ongoing expansion and innovation, Verity is committed to enabling clients to achieve unparalleled levels of efficiency, sustainability, and customer satisfaction.
About Verity
Unlocking operational and commercial excellence in the supply chain with Verity: AI-powered mobile intelligence for smarter, faster operations.
Headquartered in Zurich, Switzerland, with a U.S. base and operations worldwide, Verity is transforming logistics, retail and manufacturing with its cutting-edge mobile intelligence system. Verity’s fleets of fully autonomous drones, powered by advanced AI and robotics, provide real-time operational visibility to optimize your entire supply chain and ensure customer satisfaction.
Verity’s system is already in use by top companies globally, including leading logistics providers such as Maersk, DSV and UPS Supply Chain Solutions, On, KeHE and a top 10 global retailer. In over 100 warehouses, the Verity system is performing millions of autonomous inventory checks every month. This translates to a wealth of valuable data and insights, empowering businesses to optimize operations, improve efficiency, save costs, and achieve faster, smarter and more sustainable supply chains.
Behind Verity’s innovation lies a team of world-class experts, backed by over 145 patents. The Verity team comprises some of the brightest minds in AI and robotics, supply chain management, and drone technology. Their combined expertise fuels Verity’s constant development, ensuring clients have access to the most advanced solutions for their supply chain needs.
Learn more at www.verity.net or on LinkedIn.