According to the AMA – Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. This has contained a wide range of content as a section over the years including
Super Bowl advertising
Spanx
Content marketing
Fake product reviews on Amazon
Fear of finding out
Genesis the Korean luxury car brand
Guo chao – Chinese national pride
Harmony Korine’s creative work for 7-Eleven
Advertising legend Bill Bernbach
Japanese consumer insights
Chinese New Year adverts from China, Hong Kong, Malaysia and Singapore
Doughnutism
Consumer Electronics Show (CES)
Influencer promotions
A media diary
Luxe streetwear
Consumerology by marketing behaviour expert Phil Graves
Payola
Dettol’s back to work advertising campaign
Eat Your Greens edited by Wiemer Snijders
Dove #washtocare advertising campaign
The fallacy of generations such as gen-z
Cultural marketing with Stüssy
How Brands Grow Part 2 by Jenni Romaniuk and Byron Sharp
Facebook’s misleading ad metrics
The role of salience in advertising
SAS – What is truly Scandinavian? advertising campaign
Brand winter
Treasure hunt as defined by NPD is the process of consumers bargain hunting
Lovemarks
How Louis Vuitton has re-engineered its business to handle the modern luxury consumer’s needs and tastes
Salience is the buzz word of the moment in advertising circles.
What is salience?
According to Siri salience is a noun. It’s definition:
the property of being particularly noticeable or important.
Historically, when you tested an ad through the likes of Kantar. One of the attributes that an ad would be measured on is salience. Relatively recently salience has become a more important attribute in advertising from a marketing science point-of-view. But this shouldn’t be to the extent of eclipsing other attributes such as distinctive brand building.
Salience becomes pre-eminent
But now you see campaigns where salience is pre-eminent. I had only seen this in Asia in the past, where random endorsement choices looked to drive impact.
At one stage in the early noughties you could see Jackie Chan side-by-side with over 20 products including:
Canon cameras
Mitsubishi cars
An anti-hair loss shampoo that allegedly contained carcinogens
Zhongshan Subor – games consoles with a basic home computing capability. Subor ‘Learning Machines’ had educational programmes, games and provided Chinese children with an opportunity to try computer programming. Think of it as an analogue the Sinclair range of home computers in the UK
Fenhuang cola drink
Jackie Chan branded Canon Rebel T2i / EOS 550D via M.I.C Gadget
A classic example of an ad that personifies salience is Burger King’s The Moldy Whopper.
The campaign is a one-off stunt designed to drive water-cooler talk. Some colleagues were at a breakfast event last week. The outtake that they took from the event was that the future of advertising is PR. Or to be more exact the publicity stunt.
I get it, creative directors are measured on memorable award-winning campaigns. They are less worried about effectiveness and brand lift. It’s sexy. And it moves things away from soul-crushing digital disruption-driven work. Big data, A-B testing that’s just aimed at sales conversion.
But publicity is just a short term effect, contrast this with effective advertising that can keep paying off for decades!
But when you’re doing stunt-after-stunt what does the brand stand for? I agree that a brand has to be distinctive, but to make a brand distinctive you need to reinforce it. Think about Coca-Cola; distinctive and instantly recognisable.
Don’t believe me, here’s what Mark Ritson said about it. Ritson uses ‘brand image’ as a way to discuss brand distinctiveness and visibility at a granular level in the ad:
The new global campaign from Burger King features a month old burger complete with the mould and decomposition that comes with it. Supposedly, this is a campaign aimed to promote the absence of preservatives. But is it good advertising? No. Showing a disgusting, mouldy version of your hero product to target consumers is – believe it or not – a really bad idea. So why are Burger King doing it? First, we see the ultimate exemplar of the focus on salience over image that is sweeping much of the advertising world. “It got me talking about it, so it is great marketing,” has been the response of many addled marketers to the new campaign. While it’s true that salience is a much bigger goal than we once thought, there is still a need to focus on brand image. All publicity is not good publicity. It’s also the latest in a long line of marketing stunts that Burger King has pulled. Hiding Bic Macs behind Whoppers in all their ads, asking consumers to order a Whopper online from a McDonalds, the list is long and stupid. It wins awards and gets marketers talking but it is eclipsed by KFC and McDonald’s less flashy, more enduring and more effective tactics. Same store sales growth over the last two years tells its own story. This is flashy, ineffective fare.
Mark Ritson on LinkedIn
Or Phil Barden who wrote Decoded:
From a behavioural science point of view this is a bizarre use of marketing money; Firstly, our attention and perception are implicit (‘system 1’) processes that are stimulus-bound. System 1 can’t imagine, it responds to stimuli. Kahneman uses the phrase ‘what you see is all there is’ and it is the stimulus (what you see) that will be decoded using our associative memories. The brain metaphorically asks the questions, ‘what is it, what does it represent, what’s in it for me’? The answers to these questions are ‘rotten food’ and ‘nothing’ because rotten food is a threat to survival. This triggers ‘avoid’ behaviour. Secondly, this image is highly likely to trigger ‘reactance’ which is emotional arousal with negative valence ie it’s unpleasant. Thirdly, memory structures are built on the basis on ‘what fires together wires together’. In this case, Burger King and rotten food. Fourthly, the category is hedonic; it’s all about enjoyment. Rotten food and enjoyment have no implicit intuitive association. The only saving grace for BK may be that their logo is such low contrast and the food is so salient that the brand may not be attributed to the image.
Many of Barden’s points are very specific to the mouldy burger creative. But points like attention and perception are implicit processes that are stimulus bound works against salience. It triggers related memories, which is distinctive brand building allows you to tap into. The importance of hedonic enjoyment plays against a lot of shock tactics used to get salience.
I am not saying that marketing campaigns shouldn’t have salience. Some of the best ads of all time use salience like Coca-Cola’s ‘Hilltop’ advert.
But that they shouldn’t be salient at the expense of other attributes of brand building. A side serving of salience adds cut through to consistent distinctive brand building. But balance in different attributes for an ad is needed.
For more on how to achieve a balance in attributes, I can recommend Building Distinctive Brand Assets by Jenni Romaniuk. The book is based on research by the Ehrensberg-Bass Institute for Marketing Science.
Tablet demand in China gaining momentum from epidemic | DigiTimes – compared to global demand drop of 20% predicted for tablet computers. This is a fascinating change. Any explanation of this tablet demand is just a hypothesis. My own guess is . More tablet computer related posts here.
Great mix by Andy Weatherall. It is interesting that for a considerable amount of time there was destination radio and a loyal taping culture. Some cassette decks featured timers similar to a video recorder. People would set them up before they left. Prior to digital formats becoming commonplace, I remember die-hard fans using VHS Hi-Fi audio recording to capture these shows in as high a quality as possible. More listening material here.
Targeting v context | Campaign Live – really interesting article by Dave Trott. I’d argue (like Dave has) targeting and context together is what matters, rather than targeting or context.
WSJ City | Victoria’s Secret goes private at $1.1 billion valuation – this is down from over $7 billion. This marks the end of an astonishing destruction of value. The company was also quick to get the power of online. Designers now think live-streaming their show is a matter of course. Back in 1999 I worked at an agency where we did their first live stream. They were also quick to get into e-commerce.
SAS – What is truly Scandinavian? Nothing. This was an ad done by &Co of Denmark. It’s an ad that was meant to challenge the audience and promote the benefit of travel. But I felt it got its tone wrong.
What is truly Scandinavian reactions
What is truly Scandinavian got backlash online. As it went towards 13,000 dislikes on YouTube, SAS took it down. This is where things get crazy:
SAS blamed the reaction on right-wing (possibly Russian) botnets, which it doesn’t seem to have been the case. Which begs the question can SAS be trusted?
The ad agency &Co had bomb threats made against their office
Update SAS have reposted the ad, it currently has 94K down votes and 10K upvotes off 782,885 views. Comments are turned off.
https://www.youtube.com/watch?v=ShfsBPrNcTI
I have never got the chance to see Hall & Oates play live, this recording of their 1984 July 4th concert in New York shows them at their best. It’s called the Liberty concert because of the US independence day, it was held in Liberty national Park in Jersey City and one of the main sponsors was called Liberty. The event was put on to raise money for the restoration of the Statue of Liberty.
Sony goes against the romantic grain for Valentine’s Day with its latest PlayStation campaign. More information here (paywall).
South Korean TV broadcaster MBC did a documentary on a family that lost their daughter at just 7 years old. The mother agreed to say a fine goodbye to her daughter in VR. The child’s death in hospital left a big hole in their grief. Now I know it sounds mawkish but the mother said that it helped her come to terms with her child’s health. It also brought home for me the power of VR to drive emotion. I think that this is really important give how uncomfortable VR’s fit with storytelling as we understand it. More VR-related posts here.
Liam Young gave a great talk on using his art of film making to shape the future. This is particularly interesting given William Gibson’s feedback on meeting fans who worked in the tech sector:
They’d read a book in which there didn’t actually seem to be any middle class left and in which no characters had employment. They were all criminal freelancers of one sort or another. So, it was always quite mysterious to me.”
The power of niche | Campaign magazine – Dave Trott on GOOP – The New York Times said: “The weirder GOOP went, the more its readers rejoiced. Every time there was a negative story about her or her company all it did was bring more people to the site.” Paltrow told a class of Harvard students: “What I do is create a cultural firestorm, and I can monetise those eyeballs.” – cultural firestorm or memorable cultural industrial accident? I agree with Trott to a point. But I can’t work out if GOOP is doing ‘good’ outrage like Benetton managed to do with its ad campaigns, or ‘bad’ outrage like Michael O’Leary at Ryanair. Secondly, you might buy GOOP earrings but would you tell anyone where you bought them? Would they be judging you because you’re a GOOP customer. The problem GOOP has is that it’s not causing outrage with the old or conservative per se. It’s more likely to be customer’s peers thinking that as a GOOP customer you buy into bunkum of Palthrow. Brand neighbourhoods are still important and GOOP nestles comfortably in crank corner with David Icke and Uri Geller. More on beauty related stories here.
Benetton ad from the 1980s which contrasted with the Reagan-era Cold War sentiment of the Soviet ‘evil empire’
South Korea’s Government Explores Move From Windows To Linux Desktop | Slashdot – The reason for this is simple. It’s to reduce software licensing costs and the government’s reliance on Windows. As Choi Jang-hyuk, the head of the Ministry of Strategy and Finance, said, “We will resolve our dependency on a single company while reducing the budget by introducing an open-source operating system.” – back in the day South Korean online security depended on support for ActiveX, how far things have moved on
Slick Inbox – interesting idea. BUT RSS, VIP section in mail.app are all competitors
How Your Laptop Ruined Your Life | The Atlantic – Earlier this week, a woman managed to find a seat next to me on the train, took out her laptop, and started plugging away at a spreadsheet. The sight filled me with dread, as it does every time I spot a fellow commuter writing code or finessing a PowerPoint while I listen to podcasts. I suddenly became much more aware of the hard, thin edge of my own work computer, digging into my thigh through my tote bag. – Whatever happened to thinking time?
What Happens When a High-Tech Apparel Brand Shares the Same Name as the Company that Backed the Controversial Iowa Caucus App? — The Fashion Law – Not nearly as under-the-radar as ACRONYM, the political organization, ACRONYM, the apparel company, is, nonetheless, situated more behind-the-scenes than the majority of its peers. As writer Adam Wray detailed in 2013, “You’d be forgiven for not knowing much about ACRONYM.” Despite having significant clout when it comes to technologically-advanced apparel and amassing a list of famous fans (think: Kanye West, John Mayer, Jason Statham, best-selling author William Gibson, and mixed martial arts champ Max Holloway, just to name a few), “the company never advertises and with no public relations strategy to speak of, its founders are tough to reach.” Hugh and his co-founder slash business partner Michaela Sachenbacher “prefer to let their designs” – which are heavy on the GORE-TEX technology and utilitarian-focused hacks, and too expensive for most – “speak for themselves.” Yet, “whether you know it or not, [ACRONYM has] been pacing the vanguard of technically-focused fashion for nearly two decades.” – having worked in an office with the unfortunate name of ISIS House, an acronym that it shared with a terrorist organisation I can understand some of the pain for Errolson Hugh and company
精進カップラーメン | zen-foods – vegan friendly instant noodles, I’d be surprised if these don’t start appearing in Whole Foods soon
‘A bit impersonal’: The rise of influencer marketing agencies rankles influencers – Digiday – “When I reach out to brands directly, they tell me to apply for their programs through their affiliated network, which means I lose whatever personal connections I might’ve had and the ability to negotiate,” Groffman said. A company he had worked with for years recently referred him to its influencer network, he added. “Influencer marketing has finally matured as an industry,” explained Kristy Sammis, executive director of the Influencer Marketing Association, in an email. “Brands are now willing to allocate significant budget to strategic influencer programs. This means they need scale, benchmarks, and guarantees. That’s simply not possible with one-on-one influencer relationships.” Currently, influencers lack a standardized set of rates, yet a myriad factors can go into setting a price. That said, a $10 cost per thousand impressions is a baseline for influencers working on Instagram and Instagram Stories, according to Village Marketing founder Vickie Segar. She added that for every 100,000 followers, that rate grants an influencer $1,000 a post. Plus, companies and influencers might additionally negotiate usage rights and exclusivity, which could increase the fee. Terms vary by company, but payment can take from 30 days to 120 days – it’s probably because brands don’t want to have to filter out chancers and assholes themselves. Secondly, algorithms mean influencers are no longer an effective form of reach
The Era of Antisocial Social Media | HBR – saying that after years spent constructing carefully curated online identities and accumulating heaps of online “friends,” they want to be themselves and make real friends based on shared interests. They’re also craving privacy, safety, and a respite from the throngs of people on social platforms — throngs that now usually include their parents. To reach these younger audiences on social, marketers are going to have to re-think their approach. The first step is to understand the distinct characteristics of these more closed, and often more private and interactive online spaces. Since I believe that naming a trend helps provide a framework for understanding it, I have dubbed these spaces “digital campfires.” – to misquote Satre Hell is other people. From a brand perspective digital campfires are more attractive than the digital dumpster fires that channels like Twitter and YouTube often descend into
Daring Fireball: My 2019 Apple Report Card – well worth reading, though I think Apple should have showed some backbone in Hong Kong – I have never been so disappointed in a brand
A mercenary army of the poor? Technological change and the demographic composition of the post-9/11 U.S. military: Journal of Strategic Studies: Vol 0, No 0 – the U.S. military no longer primarily recruits individuals from the most disadvantaged socio-economic backgrounds. Technological, tactical, operational and doctrinal changes have led to a change in the demand for personnel. As a result, on different metrics such as family income and family wealth as well as cognitive abilities, military personnel are on average like the average American citizen or slightly better – there is also the aspect that military service runs in the family so previous generations may have been lifted into the middle class by the GI Bill
When China’s Long Game Short Circuits | Echowall – many of the examples of long-term policymaking in China collapse under closer scrutiny, whether in the area of environmental protection, infrastructure or population policy. For example, China’s solar power growth has been driven by government subsidies, resulting in market distortion, huge debt and waste. In the construction of infrastructure, such as the high-speed rail system and local airports, there is lack of coordination and long-term planning – not terribly surprising
Inside Huawei’s first 5G phone: Teardown reveals rush to innovate – Nikkei Asian Review – interesting analysis of the design approach. The design is surprisingly messy. This implies a few things. Huawei had to rush as it was behind. The phone isn’t as ‘premium’ as Huawei would like to believe, its the smartphone equivalent of having Irish travellers tarmac your drive. Huawei is leaving money on the table by not optimising their designs.
I started thinking about ‘brand winter’ when I read about TBWA Hong Kong and their ‘Brave Bear Pack’ offering. Campaign Asia describes as a new product focusing on growth hacking and cost efficient tools for surviving the financial winter brought on by Hong Kong’s anti-ELAB protests.
I thought financial winter was an interesting metaphor to use in Hong Kong. I get the analogue of the ‘bear market’. But the winter in Hong Kong is very dry (rather than humid), cool and exceptionally pleasant for the most part.
They probably feel that the ‘Brave Bear Pack’ opportunity has been amplified by the late 2019 novel Corona Virus outbreak.
According to TBWA the services they are bundling in this are:
Demand mapping – which seems to be database / CRM / social marketing data. Looking at market size and going after niches or pockets of the market not previously addressed? A B2B analogue would be ABM (account based planning)
Acquisition System Architecture – seems to be marketing automation based on the descriptor
Efficient Content Production – presumably to provide the content for the Acquisition System Architecture?
Affordable Big Format Film Production – crowdsourced film a la Mofilm, with what I presume is a TBWA mark-up. Again I suspect that the primary role of this is to provide content for the Acquisition System Architecture?
Chatbot marketing (on Facebook and WeChat respectively) which is so two years ago
Crisis management – TBWA seem to be white labelling Ketchum to do planning and execution- pretty standard stuff in the PR world. A quick look at LinkedIn indicates that Ketchum’s Hong Kong office has a very small, junior team to handle any crisis that might come up
I found it a depressing read. The tactics focus on the bare minimum to harvest sales from existing brand equity and and realised that we’re entering a brand winter. This is down to two factors acting as a catalyst: technology and economic decline.
What do I mean by a brand winter? It’s a time when marketers focus on performance marketing exclusively. The most obvious influence in terminology was the financial winter analogue used in media coverage. I guess it also resonated past discussions I’d had about the circular funding cycle that artificial intelligence has gone through. Decades like now of massive investment, followed by funding droughts or ‘AI winters’.
Technology factors for a brand winter
During the last couple of economic recessions, after the dot com bust and the 2008 bank crisis new performance marketing platforms have come to the fore.
The dot com bust heralded the rise of Google’s search advertising. The 2008 bank crisis saw Facebook and YouTube shake up online display advertising.
What all of them had in common is their ability to drive an action (like a sale), but weren’t so good in building distinctive memorable brands.
The second aspect, was that they could be very targeted using data. The idea is that the more targeted the message and the audience that its shown to; the more effective that it would be. Sounds like common sense doesn’t it? The actual results are counterintuitive. TakeMahabis the slipper brand that tried to build itself just on online media went into administration. Uber has tried to build a brand on price and online growth hacking still hasn’t made a profit.
But this pivot has resulted in the creative side of the advertising industry being gutted.
This presents four problems for marketers:
Effective marketing campaigns have found by research to consist of roughly 70 percent brand building and 30 percent performance marketing across both B2B and B2C marketing. Brand building’s full impact can be measured over decades or longer. According to qualitative research by Kings College London on China; Swiss and Japanese watch brands were sought after by post cultural revolution consumers. Brand equity endured despite the worst excesses of Chairman Mao and his red guards.
Digital marketing isn’t as effective as one would believe. Digital marketing is only as good as its data and its measures have been defined largely by the media platforms themselves. TV advertising is several orders of magnitude cheaper in terms of reach. Ad fraud is rampant and major brands pushed for better standards led by P&G and Unilever.
The plethora of channels has meant that many brands have spread their creative like a thin smear of peanut butter across toast. Again research indicates that this approach is counter-productive. Yet brands have adopted big production capability in-house to feed social channels and online advertising formats. This work is often done at the expense of creativity and ideas
Over targeting is counter productive according to research done by the Ehrensberg Bass Institute and captured in Sharp’s How Brands Grow. Instead the authors recommend a ‘smart mass approach’
Marketers have given digital a greater amount of latitude than it deserves due to C-suite level concerns about digital disruption, stoked by their management consultants. When economic head-winds are met shorttermist thinking fit nicely with this performance marketing bias despite the issues outlined.
Economic factors for a brand winter
I won’t go into the background of the 2019 Hong Kong protests as that has been well-documented elsewhere. What I am interested for this post in is the economic impact.
Studio Incendo: P1088698
The 2019-2020 Hong Kong protests seemed to impact a number of sectors:
The FT talked about the serious downturn in life insurance policy sales. Life insurance policies are used by mainland Chinese to build up assets outside of China in dollar-denominated investments
Data released last year indicated that for the month of October 2019, retail sales were down 24%
Chow Tai Fook Jewellery Group is looking to close 15 out of 91 stores in Hong Kong
The leisure sector is down on earnings and Ocean Park is in serious financial trouble
Occupancy levels in Mandarin Oriental hotels went from 71% to 49%
Products and services that are aimed at the mainland Chinese market have taken the brunt of the damage.
Learning from the successes of the past
I wanted to draw lessons from two events.
The first was the Great Depression and how it profoundly affected FMCG brand marketing
The second event is the 1967 Hong Kong riots
The Great Depression
The Great Depression has slipped from popular consciousness as the silent generation that lived through it have left us. The Wall Street Crash, the New Deal and the Jarrow march are far away from our collective experience.
You may as well be talking about the Wild West or Victorian child labourers climbing up chimneys to clean them.
In reality the Great Depression lasted from 1929 until World War 2. Global GDP dropped by 15 percent. Many countries looked to austerity policies to see themselves through. It didn’t work out that well as it depressed demand. And it was a similar case for companies, they cut back on marketing and a demand drop followed.
By comparison Procter & Gamble (P&G) took a contrarian approach. P&G had been founded almost a century earlier. It hit its stride during the late 1850s as the American civil war raged. By 1911 its Crisco vegetable based shortening was launched. P&G were quick to realise the potential of the nescient radio stations springing up in the US and around the world.
They were instrumental in coming up with a new brand marketing format of sponsored programming based around a long running drama called soap operas. Consumers may have been struggling to make ends meet; but soap operas allowed them to develop increased brand affinity.
P&G also used the Great Depression to expand internationally by buying a UK-based soap maker. Because of this contra-cycle investment and spending in brand, P&G became one of the world’s largest companies with operations pretty much everywhere apart from Cuba and North Korea.
In a mirror of this strategy, P&G are now investing in creating content for streaming television services which have emerged over the past few years, in a similar manner to the way radio grew a century earlier.
The takeaway from P&G is that contra-cyclical investing for larger brands can pay dividends as the media landscape has less competition in terms of brand building communications. Secondly, adoption of technology makes sense IF the media can aid long term brand building activities.
1967 Hong Kong riots
In 1967, Hong Kong was a British colony on the edge of China. China had just entered the cultural revolution and ideological fervour was in full swing.
Hong Kong was a hodge podge of identities, and that’s not even including ethnic minorities (Nepalis, caucasian people of different nationalities and south Asians who came across the British Empire).
Native Hong Kongers
Middle class, business owners and entertainers who fled places Shanghai towards the end of the civil war
Former nationalist soldiers who settled in Hong Kong (like their compatriots who ended up in Taiwan and Burma)
Mainland Chinese who left China during the hardships and famine due to the Great Leap Forwards. They entered the territory illegally, often swimming across the Sham Chun river or even the Hau Hoi Wan estuary.
Roger W: Communists and Police, Hong Kong 1967.
Hong Kong was a tinder box. Work was plentiful but life was hard for the blue collar workers who struggled to make ends meet. What happened next depends on who you believe.
Trouble was brewing, there had been unrest across a number of sectors:
Shipping
Taxi drivers
Textiles
Building materials
The previous year there had been riots protesting a rise in ticket prices on the Star Ferry.
At the time Hong Kong was a centre of plastics production, textiles and light industry. Much of the light industry started off literally as cottage industries. Plastic flowers were assembled from parts at home and workers were paid by piece work. In the 1950s, the government got rid of these low rise low quality housing. They built high-rise public housing and multi-storey public factories that rented units to light industries.
The start of the riots was down to an industrial dispute at a plastic flower manufacturer based at the San Po Kong Factory Estate in Kowloon. The factory was owned by a local industrialist called Duncan Tong (唐鼎康). Tong had a number of manufacturing businesses including the Playart die cast car brand which competed with Hot Wheels and is still popular with collectors.
On May 6, picketing workers clashed with members of the management. It got sufficiently violent that the riot police were called. When the police arrived they were pelted with cans and glass bottles by picketing workers and their peers in other neighbouring factory units. The police arrested 21 demonstrators who were represented by the Hong Kong Federation of Trade Unions (HKFTU). The HKFTU is a Beijing-aligned group of trade unions.
Many more were injured in the violence. Local union officials went to the police stations to protest the arrests and ended up being arrested themselves.
Leftist protestors with strong sympathies towards Beijing protested in solidarity with the arrested workers the following day.
Over 100 protestors were arrested and a curfew was imposed by the authorities. This then sparked a low level insurgency. Over 1,100 bombs were planted, 51 people were killed, over 800 people were injured. Almost 5,000 people were arrested and over 1,900 of them were successfully prosecuted. It was only the intervention of the Chinese premier who finally put an end to the violence in December that year.
Business leaders like Li Ka-shing and Harilela invested in property when the 1967 riots depressed prices. They then went on to replace British taipans as the main drivers of Hong Kong commerce.
The takeaway is that chaos has consistently provided opportunities for businesses with enough capital to take advantage of them. But what’s needed more than money is the eye for opportunity.
What does the solution for a brand winter look like?
In the case of Hong Kong, if we look at FMCG brands, there has never been a better time to build a local brand. Advertising inventory in out of home spaces or on streaming media are going to be cheaper due to the lack of demand.
Both ‘yellow and blue’ orientated media offer opportunities if handled in an even handed way. Investing during the contra-cycle in brand offers businesses an opportunity to capture long term profits rather than short term sales.
More information
There didn’t seem to be anything on the TBWA Hong Kong website, but they had this post on their Facebook page.
