Not sure if it is the weather, or because it’s just that time of the year.
A few major ‘changes’ had made the headlines in the industry press. Here are the news from some of the global brands…
Global Brand-Building Officer of P&G Marc Pritchard said the company wants “fewer, bigger creative ideas that can travel around the world”, the impact will be lower agency and production fees by eliminating some that “don’t add value”. The major cuts will be on the non-advertising portion of P&G’s annual marketing spending, including production of promotion and in-store marketing programs, coupon distribution and eliminating things such as giveaways of stuffed animals. The spending on such promotions that “don’t build brand equity” amounted to around $2.1 billion in 2011.
Unilever is moving its 150-strong London-based European brand development team to Rotterdam while centralising its global brand development team in London – the whole shift will be completed by 2014.
These might sound like just everyday news, but if these are in any way an indication of a trend, and when we think deep into the impact, these changes potentially will shake up the entire agency support ecosystem. It influences how, and where, brand ideas and campaigns/ platforms are planned, created, implemented and fulfilled.
Further down the chain, it will impact every agency of any discipline, and every talent working within.
It will also fundamentally change how we, as creatives, producers and implementation specialists, approach any brief; and how and in what way we collaborate with each other, globally.
I find this exciting.
Could this be the starting point of a revolution? Is it a major trend in the making?
One thing is for certain. I am convinced that we cannot go after quantity, but need to invest in quality thinking and insights.
We all need to be as agile and flexible as possible to take advantage of the fast-changing conditions in the marketplace.
Rain or shine? How would you turn this into opportunity? What will we expect in 2013?