The software industry has come a long way in addressing the 'security of the software supply chain problem,' as highlighted in the State Of Supply Chain report. However, despite improvements, there is still work to be done to eliminate vulnerabilities. A staggering 96% of all vulnerable downloads could have been avoided, indicating an urgent need for action. Looking ahead to 2023, the software industry faces new challenges in the form of Gen AI and associated risks. Gen AI, or Generative AI, refers to the use of artificial intelligence algorithms to generate new content, including software code. While this technology holds immense potential for innovation, it also raises concerns regarding security and ethical implications. Legislative adoption of regulations to mitigate the risks associated with Gen AI is one of the key challenges ahead. As the software industry embraces this new technology, it must also grapple with ensuring its responsible and safe use. Balancing innovation with security is crucial to avoid further exacerbating the dependency hell problem.