Blog
Upcoming Webinar

2023: A Year of Acceleration

Posted on 
January 26, 2023
1.26.23
Thursday
Register
Download Presentation
Watch the Webinar
Speakers
Bringing together leaders in industry and technology to drive innovation.
Matthew Wright
Founder & CEO
About Matthew
Matthew Wright is the founder & CEO of Specright, the first cloud-based platform for Specification Management. Specright has been recognized as a Gartner Cool Vendor, received the Salesforce Innovation Award and was named one of the Top Places to Work by the OC Register and Built in LA. Wright is also a published author and his book, “The Evolution of Products and Packaging,”was named to the Amazon Hot New Release List for Industrial Relations Business and has a five star rating.

Prior to founding Specright, Wright spent more than 25 years in the packaging industry, holding leadership positions at International Paper, Temple Inland, and rightPAQ — a packaging company he co-founded. He has also been involved in leading multiple M&A deals in the packaging industry and sits on the Packaging Advisory Board at Cal-Poly San Luis Obispo.
No items found.
“Organizations must make flexible medium- to long-term plans that can respond to changes in economic conditions. They must optimize costs and value, become smarter with resources, and integrate the workforce and talent shortage created as a result of the “Great Resignation.” They must balance investments targeted toward growth, focusing on digital business and efficiency.”
Gartner Market Guide #2
Discover the value of a Spec-first approach to your business
Get Started

2023: A Year of Acceleration

Download Case StudyDownload Case Study
Impact Metrics
-
+
-
+
-
+
-
+
The Impact
“Organizations must make flexible medium- to long-term plans that can respond to changes in economic conditions. They must optimize costs and value, become smarter with resources, and integrate the workforce and talent shortage created as a result of the “Great Resignation.” They must balance investments targeted toward growth, focusing on digital business and efficiency.”
Gartner Market Guide
Specification Management Summit

Join us for the industry leading Specification Management conference. Specification Management Summit will be held Jan. 16-18, 2023, in Nashville TN.

Learn More
Academia

Specright partners with the leading Packaging Academia programs in the U.S., enabling the future workforce with hands-on experience to its Specification Data Management platform.

Learn More
Explore More Case Studies
View Case Studies
No items found.
Discover the value of a Spec-first approach to your business
Get Started
Blog

2023: A Year of Acceleration

Posted on 
January 26, 2023
1.26.2023
Thursday
Matthew Wright
Founder & CEO, Specright
RegisterRegister
Download Presentation
Gartner Reprint - Predicts 2023

One thing this past couple of years has taught us is that even with big disruptions, our operations can adapt and thrive. We’ve learned to be more resilient and to not underestimate the impact our partners and suppliers have on our ability to continuously deliver. As we look ahead to 2023, we’re excited about the new developments and tech adoptions within our industry driven in response to recent turbulent years.

This is the year companies say goodbye to a digital double life

2023 is the year we will see more product engineers evolving from the old way of doing things in which they lived a  “digital double life.” In almost every aspect of our personal lives, technology plays an instrumental role – from consuming entertainment to grocery shopping and even connecting with friends and relatives. Yet, too often at work we’re expected to use antiquated, static data systems. The gap between our work and our personal lives is no longer sustainable, and the next generation workforce is demanding it. This year we will see accelerated adoption of data driven systems, in order for companies to remain competitive and attract the right talent to executive on business strategies and consumer expectations.

Consumers demand personalized experiences 

Speaking of consumer expectations… With so many product variations, brands who offer unique, exclusive and personalized experiences have an advantage. This year, retailers are taking note of these consumer preferences and will use it to their advantage by giving their own private label products a much-needed makeover.

Regulatory pressures push sustainability initiatives into high gear 

Consumer pressures, company-wide social responsibility goals and new regulations will push the focus on data-driven sustainability initiatives to be more aggressive. It’s not just about setting goals anymore, it’s about taking action.

Unfortunately, the 2022 State of Sustainability Report paints a dire picture, noting that “88% of respondents said it’s ‘challenging’ or ‘extremely challenging’ to report on sustainability.”  What is holding corporations back from meeting their goals is a lack of data. And it’s not just a reporting challenge. Brands also need reliable ways to test new ideas, like returnable packaging, to ensure sustainability is a focus from the start. 

If you need a jolt of inspiration, listen to our podcast interview with Chantal Emmanuel, CTO and Co-Founder of LimeLoop. LimeLoop is pioneering the future of returnable packaging.

“…We ran the numbers before we even launched, because we were like, if this does not make sense for the environment, then there’s no point in doing this…It’s about a 90% reduction in CO2 emissions using returnable packaging, even with that trip back to the retailer that it’s making each and every time.”

Changes in the regulatory environment, like Extended Producer Responsibility (EPR) put pressure on organizations to incorporate new technologies as a way to solve complex reporting requirements. In 2021, the first packaging EPR laws were passed in the U.S. (with more than a dozen other laws pending), highlighting the importance of companies taking quick action. 

The complexity of ever-increasing, and unique, regulations, will only make data accuracy and visibility more essential to business growth and success. 

We’re all in this together. Welcome a growing network effect.

Specright was an early pioneer in network enablement. As far back as 2020 we had the ability to effectively pass detailed supply chain data between brands and their suppliers. The network really is the future of how companies operate. Linear, static workflows cannot sustain your business. We need to be able to adapt to multi-pronged information sharing, that will make all of our products better, and ultimately companies more successful. 

Operations turn to simplification to recession-proof their business

Transformation efforts will close the gap between a business’ goals and can be achieved, moving operations into a new state of clarity. With digitized data, brands can intelligently reconcile their packaging systems for maximum efficiency.

2023 is sure to be a transformative year for our industry. To read more industry predictions, explore the Gartner Report, “Predicts 2023: Collaborate, Automate and Orchestrate to Optimize Costs and Value During the Economic Crisis.

“Organizations must make flexible medium- to long-term plans that can respond to changes in economic conditions. They must optimize costs and value, become smarter with resources, and integrate the workforce and talent shortage created as a result of the “Great Resignation.” They must balance investments targeted toward growth, focusing on digital business and efficiency.”
Gartner Market Guide
About 
Matthew Wright

Matthew Wright is the founder & CEO of Specright. Prior to founding Specright, he spent more than 25 years in the packaging industry, holding leadership positions at International Paper, Temple Inland, and rightPAQ — a packaging company he co-founded. He has also been involved in leading multiple M&A deals in the packaging industry. He sits on the Packaging Advisory Board at Cal-Poly San Luis Obispo.

Look Who’s Speaking at the Specification Management Summit
By 
With 
Laura Foti
12.9.2021
Thursday
No items found.
Listen Now
Specright Honored as One of Orange County Register’s Top Workplaces for Second Year in a Row
By 
With 
Laura Foti
12.9.2022
Friday
Listen Now
Get Started
With Specright’s Solution Suite, you can digitize, centralize, and link your specification data to drive efficiencies, intelligence, traceability, and collaboration within your organization and across your supply chain network.
Get Started