As civil liberties continue to be politicized, advertisers have a growing expectation to be part of the solution and fill the trust gap between consumers, government, and media. On February 7, Mindshare and GroupM unveiled new research examining the sentiments of those most impacted—voices who have been historically marginalized and underrepresented in media and society—by the eroding rights to privacy. Further topics of discussion included the future of using “women’s empowerment” in marketing campaigns and the larger economic implications when bodily autonomy rights are lost.
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In this presentation, Paul Donato, CRO of the ARF, covered findings from the seminal year of the “What Brands Did in 2020” (Brands 2020) project. This project will go on for at least the next two years or until the effects of 2020 are no longer felt. ARF researchers in the Brands 2020 study used IRI and NCS data, Kantar Ad Insights, NCS sales and Nielsen Ad Intel data, between 2017 and 2021. The IRI data was a very deep dive but across three categories: salty snacks, pasta sauce and personal care products. The NCS data was shallower but across 10 broad categories. Using all these data, ARF researchers looked at share of media, media spend and share of market before and after March 2020 (Covid) and before and after March of 2021 (start of inflation).
Several previous studies agree that decreasing advertising during a recession can hurt sales during and after the period of economic contraction, whereas increasing advertising can increase sales, market share and earnings. An IPA study from the UK during the 2008 recession found that those that “went dark” tended to lose excess share of voice, the impact of which could take five years to recover. This UK study also showed a linear relationship between both ROI and an uplift in revenue as a function of advertising during a recession. The Brands 2020 study found more nuanced findings.
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In this Fireside Chat session, Young Pros Advisory Board member Megan O’Brien, Sr. Research Analyst, Omnicom Media Group, had an insightful discussion with Mary Sheehan, Head of Lightroom Product Marketing, Adobe. Mary shared her expert career knowledge with attendees about navigating their career journey and strategizing for 2023. Mary is an author and expert in career strategy, marketing, leadership, and workforce development. Mary shared how she specifically navigated her career and how other young professionals can use her insights of managing teams, deadlines, career development, and goal setting to navigate their careers. Mary has so much profound knowledge that she recently released a new book, “Product Launches” which is now an Amazon best seller.
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An ARF event presented by the LA Media Research Council focused on insights from 2022 research and on 2023 priorities to meet business challenges. Issues addressed in research presentations and by an expert panel included the evolution of streaming during an economic downturn, how to manage subscriber churn, understanding Gen Z and the continued need for better measurement across the ecosystem.
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