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Specright Named to Fast Company’s Annual List of the World’s Most Innovative Companies for 2023

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March 2, 2023
3.2.23
Thursday
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Specification Management software leader joins the ranks of OpenAI, Disney, Tiffany & Co., and more.

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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.
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“Specright has gained the most traction and growth in this marketplace over the last two years. Backed by Series B funding of $30 million in 2021, Specright has expanded its personnel, platform and customer reach. It has also launched several strategic collaborations. In August 2022, Specright announced a partnership with Lorax EPI to streamline sustainability reporting and compliance. In 2021, Specright announced integrations with TOPS Software, a market leader in palletization optimization and design software, and Trayak, which provides a platform for calculating the LCA of products and packaging. In 2020, Specright partnered with the International Safe Transit Association (ISTA) to create PackSight — an online planning and reporting platform for ISTA test procedures.”
Gartner®: Market Guide for Packaging and Product Specification Management
Why You Need Specright

When everyone has access to specifications, amazing things happen – faster product development, improved quality, and less waste.

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Discover the value of a Spec-first approach to your business
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Specright Named to Fast Company’s Annual List of the World’s Most Innovative Companies for 2023

Specification Management software leader joins the ranks of OpenAI, Disney, Tiffany & Co., and more.

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“Specright has gained the most traction and growth in this marketplace over the last two years. Backed by Series B funding of $30 million in 2021, Specright has expanded its personnel, platform and customer reach. It has also launched several strategic collaborations. In August 2022, Specright announced a partnership with Lorax EPI to streamline sustainability reporting and compliance. In 2021, Specright announced integrations with TOPS Software, a market leader in palletization optimization and design software, and Trayak, which provides a platform for calculating the LCA of products and packaging. In 2020, Specright partnered with the International Safe Transit Association (ISTA) to create PackSight — an online planning and reporting platform for ISTA test procedures.”
Gartner®: Market Guide for Packaging and Product Specification Management
Specification Management Summit

Join us for the industry-leading Specification Management conference. Learn more about the most recent Summit in January 2023 in Nashville, TN, and stay tuned for more information about Specification Management Summit 2024!

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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.

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Press Release

Specright Named to Fast Company’s Annual List of the World’s Most Innovative Companies for 2023

Specification Management software leader joins the ranks of OpenAI, Disney, Tiffany & Co., and more.

Posted on 
March 2, 2023
3.2.2023
Thursday
RegisterRegister
Download Presentation
Press Release

Specright Named to Fast Company’s Annual List of the World’s Most Innovative Companies for 2023

Specification Management software leader joins the ranks of OpenAI, Disney, Tiffany & Co., and more.

Posted on 
March 2, 2023
3.2.2023
Thursday
RegisterRegister
Download Presentation

TUSTIN, Calif., March 2, 2023Specright, 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.

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About Specright

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

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.

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Specright@shiftcomm.com

“Specright has gained the most traction and growth in this marketplace over the last two years. Backed by Series B funding of $30 million in 2021, Specright has expanded its personnel, platform and customer reach. It has also launched several strategic collaborations. In August 2022, Specright announced a partnership with Lorax EPI to streamline sustainability reporting and compliance. In 2021, Specright announced integrations with TOPS Software, a market leader in palletization optimization and design software, and Trayak, which provides a platform for calculating the LCA of products and packaging. In 2020, Specright partnered with the International Safe Transit Association (ISTA) to create PackSight — an online planning and reporting platform for ISTA test procedures.”
Gartner®: Market Guide for Packaging and Product Specification Management
Why You Need Specright

When everyone has access to specifications, amazing things happen – faster product development, improved quality, and less waste.

Learn More
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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.
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