TUSTIN, Calif., March 2, 2023 — Specright, the leader in Specification Management software, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2023, honored at No. 3 in the Enterprise category.
This year’s list highlights the businesses at the forefront of their respective industries, paving the way for the innovations of tomorrow. These companies are setting the standard with some of the greatest accomplishments of the modern world. In addition to the World’s 50 Most Innovative Companies, 540 organizations are recognized across 54 sectors and regions.
“At Specright, our vision is to live in a world without waste, and we believe the best opportunity to do so is to empower people and companies across the globe with the data needed to make products and packaging sustainably,” said Matthew Wright, Specright Founder and CEO. “It is such an honor for Specright to be named alongside so many incredible, innovative companies and this award is a testament to all of the great work our team has done in driving the Specright mission forward.”
Specright helps companies digitize product and packaging specification data and share and collaborate on that data with supply chain partners to reduce costs and errors, drive efficiency, and increase speed to market. This past year, the company surpassed two million products on its platform globally, supporting Fortune 500 and challenger brands and boasting a 99 percent customer retention rate. Specright also received a patent for its Specification Data Management™ platform, validating the uniqueness of Specright’s spec-first approach to product and packaging development, quality management, and above all – sustainability tracking and reporting. The patent also covers Specright Network, which enables brands, suppliers, retailers, and manufacturers to share live, digital specifications with one another.
Additionally, Specright remains strong in its commitment toward the education of the current and future workforce through its classroom courses and Spec Academy program. Specright is taught as part of 23 courses at 13 universities across the United States, Canada, Australia and Mexico, reaching over 2,000 students annually. Specright launched its Spec Academy in January 2022, which is geared towards those currently working in packaging and supply chain careers and the program has achieved more than 800 sign ups since its launch.
Fast Company’s editors and writers sought out the companies making the biggest strides around the globe. They also judged nominations received through their application process.
The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides a firsthand look at the inspiring and innovative efforts of companies across all sectors of the economy.
“What a strange and thrilling year it has been to honor this year’s Most Innovative Companies. This year’s list compiles some of the most cutting-edge groundbreakers who are changing our world every single day, from legacy organizations like McDonald’s to upstarts like MrBeast and institutions such as NASA. Everyone on this list does something completely, uniquely different, yet, they all have one thing in common: innovation,” said Fast Company editor-in-chief Brendan Vaughan.
Fast Company will host its third annual Most Innovative Companies Summit on April 19 and 20. The virtual summit celebrates the Most Innovative Companies in business, and provides an inside look at cutting-edge business trends and what it takes to innovate in 2023. Fast Company’s Most Innovative Companies issue (March/April 2023) is available online here, as well as in-app form via iTunes, and on newsstands beginning March 14. The hashtag is #FCMostInnovative.
Specright is the first purpose-built, patented platform for Specification Management. Whether it’s packaging, raw materials, formulas, products, or machines, Specright helps companies digitize, map, and take action across their supply chain to reduce costs, increase profitability, and drive sustainability. Specright serves customers across industries, including packaging, food and beverage, consumer packaged goods, pharmaceutical, retail, industrials, and more. For more information, visit: www.specright.com.
ABOUT FAST COMPANY
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