Report

2024 Gartner® Market Guide for Packaging & Product Specification Management

Specification management applications are transforming how organizations handle data governance, reporting, and legislative compliance across packaging, ingredients, components, and finished goods. The 2024 Gartner Market Guide provides invaluable insights for supply chain technology leaders to address data management gaps, enhance practices, and manage legislative reporting effectively and names Specright as a Representative Vendor.

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In this Market Guide, you’ll learn more about:

  • Technological Impediments: Inefficiencies in specification data quality and the lack of structured data management solutions impede organizations’ ability to utilize machine learning (ML) and AI to drive meaningful insights related to product development, optimization and forecasting regulatory impact on existing and future product portfolios.
  • Regulatory Challenges: Regulatory requirements, legislation and costs of goods are exposing gaps and weaknesses in product and packaging specification data processes and practices.
  • Sustainability Legislation: Growth in global sustainability legislation for manufacturers is exposing gaps in specification data management solutions, spec quality, completeness and accuracy that is forcing supply chain technology leaders and CIOs to seek solutions to meet compliance requirements.
  • Outdated Processes: Many regardless of region, industry or size suffer from outdated or manual processes to manage specification data, resulting in growing strains on resources, cost overruns and risks of noncompliance.
  • Underfunded Tools: Spec data tools and applications have suffered from being deprioritized and underfunded, with a general lack of awareness of the new capabilities in this space.

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“Business processes historically have enabled organizations to operate with limited or high-level specification data. However, the growth in packaging legislation and customer demand for sustainable packaging and transparent reporting will mandate maintenance of granular packaging specification details that require organizations to upgrade their specification management tools and processes.”
Gartner, Market Guide for Packaging and Product Specification Management, John Blake, Marc Halpern, 18 September 2024.

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