Decreased sleep slow-wave activity (not just sleep time, but the actual restorative function of sleep) significantly decreases next day insulin response [1].
This is my area (I work in neurotech/sleeptech), but other things that come to mind are changes in changes in gut biome, which can be altered by previous meals, and I assume is always in flux (not my area of expertise), hormonal changes, I'm sure there are others.
However, the conclusion that it undermines the CGM measurements. In fact, I think this makes CGMs more valuable, not less. For those without diabetes, I always thought you'd use the CGM for a few weeks, figure out what your body responds to, and then sort out your diet.
This shows that it isn't that simple, and that we likely need to be monitoring more regularly. If my breakfast spiked my glucose unexpectedly, that may be a signal that I should change my lunch in order to reduce the likelihood of another spike. It becomes about constant management, rather than a 1 time look under the hood.