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Introduction
As we reflect on 2024 the Specright team is proud to celebrate a year full of innovation, sustainability, and growth. From advancing Specright's technological capabilities to being recognized by Deloitte’s Fast 500, Specright continues to be the leader in Specification Management. Specright is grateful to work with incredible customers, partners, and dedicated team members who make this year’s achievements possible.
In 2024, Specright continued to raise the standards in Specification Management and continues to tackle the challenges and opportunities that lie ahead. As we prepare for 2025, we are looking forward to building an even more transformative and innovative baseline for the way critical specification data is digitized, managed, and shared across supply chains.
Leadership in Sustainability
Across industries, companies are facing the consequences of non-compliance with sustainability. Regulations are rising across the globe and that is what Specright has been hyperfocused on helping companies improve their sustainability efforts in 2024. With the rise in Extended Producer Responsibility (EPR), Specright shined a special light on Sustainable Packaging, developing a Sustainable Packaging 101 webinar series. This gave customers the opportunity to hear from sustainability experts and bring best practices back to their organizations.
We also developed additional resources such as our sustainable packaging eBook, EPR infographic, and a host of other sustainability resources, in an attempt to help all stakeholders navigate the complex world of sustainability. What we are learning on this journey towards sustainability is that in order to meet sustainability needs and legislation companies must have access to up-to-date and accurate data. By leveraging digital tools like Specright, companies can effortlessly adapt to new legislation as it emerges, ensuring seamless compliance and reporting.
The Critical Role of Digitization
Each year, companies face rising levels of competition, making it increasingly challenging to stay ahead. However, with the right tools and strategic initiatives, businesses can maintain their competitive edge. In 2024 digitization and advanced technology continued to make their mark. The shift towards digitization is no longer a nice to have, but a necessity for companies looking to stay ahead in today’s competitive market.
In our Digitization eBook and supporting infographic, readers can learn how they can help their organizations unlock the full potential of their supply chain and accelerate their digital transformation. Moving into 2025 supply chains will only become more complex. To keep up, companies must prioritize the digitization of their supply chain data. With the right digital transformation tools, businesses can stay ahead of these challenges, spending less time managing data inefficiencies and more time driving innovation.
Transforming Specright Through Innovation
2024 was an exciting year for innovation and technology. From AI to automation companies across all industries were pushed to rethink how their businesses operate. In response, Specright also took significant strides in advancing our technology to meet the evolving needs of our users. These innovations have empowered our customers with advanced sustainability reporting capabilities, ensuring that critical sustainability data remains up-to-date, easily accessible, and ready for action when needed.
Our Product Team at Specright is constantly working to improve our Specification Data Management platform. This year, with four new product releases, new features, and enhancements such as the Data Insights feature, Specright Network capabilities, and Where Used finder to name a few, have greatly improved the user experience of our product. These features further strengthened collaboration and supply chain visibility, making it easier than ever for brands, suppliers, and manufacturers to work together seamlessly.
In 2024 Specright also released powerful tools such as Spec GPT and Spec IDP, Specright’s AI-powered features. These tools have the power to integrate with partners such as 1worldsync and the FDA, elevating their capabilities to the next level, and improving the power of Spec Squad and Spec Assist. These innovations not only enhance the user experience but also drive operational efficiency and set a new standard for what is possible in the world of specification management.
We always appreciate customer feedback and would love to meet your needs in future releases. Stay tuned for even more exciting advancements in 2025.
Event Highlights
2024 was an exciting year for events and an incredible opportunity to foster learning and innovation through in-person customer and team interactions.
- Summit 2024: Our marquee event Spec Summit started the year strong for events in 2024. This year the event took place in Austin, TX where leaders across manufacturing, technology, research, and academia were brought together to learn and share how the spec-first approach is transforming how their company operates. The discussion focused heavily on sustainability and data but topics from across the board were explored. If you missed last year's summit no worries, we will see you at Summit 2025 in Nashville, TN - don’t forget to register today.
- Pack Expo 2024: The Specright team attended Pack Expo 2024 in Chicago, Illinois, this fall, and it was another successful year. At our main booth, we had the opportunity to connect with a multitude of customers and prospects. This year we also had an activation booth where attendees screenprint one of our custom designs on a t-shirt - the perfect keepsake to remember such an amazing event. I also spoke on various sustainability topics such as the importance of organized and transparent data for sustainability needs and cost reductions. If you want to hear more about Specright’s whole experience at Pack Expo 2024 you can check out this blog.
- Gartner Supply Chain Symposium: This year Specright also had the opportunity to exhibit at the Gartner Supply Chain Symposium for the first time. Sustainability and cost savings dominated discussions, further proving the value of tools like Specright. I also had the opportunity to co-present with Mike Crowe, retired CIO and Industry Advisor, on the value of a strong specification data foundation for any CIO’s data strategy.
- Paris Packaging Week: Our team headed overseas early on in 2024 to meet with customers and companies looking for more sustainable packaging ideas at Paris Packaging Week. We were joined on a panel with Cory Connors and Kevin Davis discussing the importance of turning ambition into action by leveraging critical specification data
- SPC Impact & SPC Advance: We are proud to continue partnering with the Sustainable Packaging Coalition and had a presence at two of their marquee events this year, SPC Impact and SPC Advance. At SPC Impact, our team held an interactive lab highlighting the importance of benchmarking and Year-over-year reporting. We also showcased our integrations for EPR reporting and running Lifecycle Assessments. These events are a great opportunity for Specright to engage, learn, and build connections.
Awards and Recognitions
We feel honored to have garnered significant industry recognition this year. This wouldn’t be possible without your continual support. It is an honor to be named #287 Fastest Growing Company in North America by Deloitte Fast 500 and to be recognized as a Representative Vendor in the 2024 Gartner Market Guide for Packaging and Product Specification Management. Additionally, it’s been our pleasure to recognize industry-leading companies with our very own 2024 Spec Awards. Let’s keep this momentum going into 2025!
Conclusion
As 2024 comes to a close, it is incredible to reflect on the milestones we have achieved together. From advancing sustainability and digitization efforts to taking the Specright platform to the next level with tools like SpecGPT and SpecIDP, this year has shown Specright’s ability to collaborate and innovate. With continued support from our customers, partners, and dedicated team, Specright continues to solidify its role as the leader in specification management.
With our annual Specification Management Summit quickly approaching at the beginning of February, we’re looking forward to connecting with you in Nashville, TN. We have an incredible lineup of speakers from top companies like Oriflame, Unilever Prestige, DHL, Gartner, Bloomberg Intelligence, and more. Space is limited so make sure to register today if you haven’t already. Check out our Spec Summit page to learn more!
As we look to 2025, we are excited to build on this momentum to deliver even greater value and innovation - helping businesses like yours thrive in this complex world. Thank you for being a part of our journey and we look forward to what the future holds!
