In theory you can reverse the warping of wood, including plywood, and hold it that way for a day or two, and that will eliminate the warping. I have never found this to work with plywood, so I just try very hard to avoid warped plywood. I have seen warped doors straightened that way, so I know it works with some wood.
I like buying "handy panels", 4' x 4' or 2' x 4', instead of fulll sheets of plywood, because I usually find that the panels are much flatter. Home Depot plywood, except for the most expensive, I find is always warped.