Category: ADVERTISING

  • Hello, New Urban Consumer with a Hermit Mindset… Frugal, Contemporary, Creative

     

    By Shaziya Khan

     

    It is an introspective time of the year. Added to which are exhaustive charts, healthy discussions and sceptical eyebrows. Many are seeking a cloudless clarity. Above the blinding glare of information overload. Or worse, the opaque fog of misinformation. All to do with the new urban consumer. What has changed for now? What seems to have changed mainly due to the lockdown (unconscious bias – recent effect)? What has changed for the longer term?

     

    Recap of data highlights: The Wunderman Thompson and Kantar reports highlight key consumer shifts and trends which are briefly recapped here. Shift to savings, loss of personal space, security and convenience paramount, health at the forefront, digital to the rescue, media rejigged. Reskilling, back to home life as epicentre. Philanthropic brands wanted. Accelerating the purpose agenda of brands, in practical ways.

     

    New value system: Accelerating the drive toward more inclusive heroes, meaning, sustainability, nature. Future of communication: there is an acceleration of the need for checks and balances of evolved communication modes. Every business is a health business in terms of whether it informs or misinforms. Connected communities: rebuilding community and connection is a top priority. Nurturing the tribe is an accelerating trend.

     

    Health’s next frontier: Healing anxiety and well-being of the digital self – existing trends, that have intensified, given the need gap in investing proactively in health.

     

    New retail models: not only is there more contact less shopping and handsfree payment. There is also a fast tracking of initiatives like virtual services and live streaming, based on consumer journey and experience.

     

    Stitching a quilt: With hard numerical data and ephemeral qualitative texture, patch by patch, here’s a handwoven quilt on the new urban consumer. Like a patchwork quilt, this understanding is stitched with the hope of connecting past, present and future. And above all, to help the new urban consumer be treated with warmth, comfort and empathy. A patchwork quilt of understanding is not only for a new consumer but also for one living in a far from normal context. A context that has euphemistically been called the new normal, or next normal, or better normal.

     

    This is simply the examined normal – a “reading” of the lived experience of urban consumers. Their mindset. A short take on a very large topic in a very new context. The examined normal – new/next/better, normal or otherwise. What does this examined reality reveal?

     

    Emerging hermit mindset: It yields an emerging chrysalis portrait of a kind of contemporary hermit, frugal to an extreme. Digitally savvy, by necessity. A personal growth enthusiast, even an explorer, not at the level of mastery, nor competence, yet. Frugal at many levels. Urban consumers have lived frugally for an extended period of time. Spartan food, simple clothing, sore isolation, repetitive, harsh schedules, uncertain work, education, future, several blurring “lines”.

     

    A kind of life, perhaps, only ever experienced somewhat, at retreats or camps. That too, for a few days only. And voluntarily, by a niche group, that was into “this sort of thing”. This is utterly different from the urban consumer life context (not short, voluntary, niche).

     

    Nevertheless, it could be illustrative to recap what brushes with “capsule frugality” are, to shed light on the new experience of extended frugality.

     

    Capsule frugality recalled. Capsule frugality, voluntarily embraced, evoked positive feedback. Nirvana is a booking away (“you should try it”). The waiting lists are long. Despite the agenda being very tough (repeat, very tough) love. Including regimented schedules, bland food, cold baths, demanding exercises, isolation, minimal conversation. These are seen to yield the benefit of detoxification, bliss, escape, even release.

     

    Extended frugality, examined. Significantly the lockdown lived experience was not mindful. In fact, mind numbing is a better description. Yet, after the extended dismay, discomfort, resignation, a new emotion is being expressed. Out of the depths of extended frugality of the daily life, strikes the rubber slippers epiphany. It goes simply as: It is okay. Surprisingly, I am okay, you are okay.

     

    Rubber slippers epiphany: “Been wearing rubber slippers, 12 hours a day, for months, and you know what, it is okay”. Acceptance.

     

    Even a kind of liberation. The relief of survival with so little. The triumph of knowing hell we could, so now we know, we can. A struggle with disruptive frugality, at many levels, has given the urban “indulgent class” a glimpse of mettle lurking beneath the surface of shiny aspirations. A private gemstone rich mine of raw instinct. And it evidently feels rejuvenating, despite the steep and stoic efforts involved in ‘mining’ these instincts.

     

    WT research reveals that developing market consumers view change as eventually leading to betterment. Frugality, not just financial. The extended daily lived experience of frugality yields many, many (unasked for) lessons for surviving, thriving, changing, adopting, adapting, shedding, decluttering, exhuming, sacrificing, missing, dropping, coping, creating, shutting, cancelling, learning. (For instance, a much loved corporate cartoon talks of the immense transformation in companies, wielded not by the wand of the “chief transformation officer”, but due mainly to the disruption of remote working)

     

    In effect, frugality, which at first glance seems a hard word, is actually an interesting word. It has interesting associations like moderation, less waste, temperance, simple, mindful, thoughtful. Many, resonating qualities of our times. In shifting scenarios, a steady mindset. As scenarios evolve, expectedly, many of the creature comforts may sweep back in. To the extent affordable and desirable.

     

    However, the hermit mindset, it appears, has dug in, for a longer term. Even toward embracing simple living and high thinking, in degrees. Degrees may vary, but “hermits in the mind” are likely to be or do these. Hermit mindset takes ‘tough love’ calls. Be able to take tough decisions faster, due to less attachment and more acceptance of uncertainty. Several pending, sitting on the fence, long gestation periods of consideration kind of decisions, will find the button pressed. What doesn’t kill you, makes you stronger is the decision making mettle in the making (washing machines debated for five years, got installed in five weeks, hobbies on the back burner were officially launched as commercial home-preneur brands, relationship bridges long overdue, over troubled waters, got built).

     

    Hermit mindset marches to inner rhythm more. Be less outwardly motivated, be more inwardly mindful and particular in prioritising what truly matters. Having managed much, whilst “making do” with little, has been a kind of maturing. “Autumn is about the beauty of letting go”. Aspects outgrown out of deep necessity have been ‘let go’. Authenticity and transparency are not just the desirable mantras, they are live – being broadcast in real time.

     

    (Less conscious of manicured “appearances”, more relaxed about one’s private self being shared – messy hair, unshaven faces, informal or casual dressing, help sought openly, advice taken professionally, simple menus, vernacular and voice communication, desire for more expression and less suppression , comfort zone friends or family over “IT” acquaintances/ influentials and “zoom fatigue”, pursuit of learning, upskilling, new creative endeavours). Hermit mindset uses a fine toothed comb of value for sorting & sifting priorities. There appears a wholesome embrace of not just value, but value-consciousness-to-an-extreme.

     

    Born of the head: financial necessity, anxiety and generally trying times. Born of the heart, too: further, reverence and fresh appreciation, deeply heart felt, of modesty, temperance and efficiency in nearly all matters of consumption. (Recycling of items, utilising ignored kitchen goods like casseroles, skillets, old clothes and furnishings, utterly “locking down” on previously eagerly anticipated purchases, like branded sales, selling items to the kabadi to declutter one’s own home and to help keep others home fires burning, searching and waiting patiently for best deals, pack sizes, combinations, bulk buys, best times for purchase, on a steep curve digitally – accelerating knowledge, access, engagement, commerce).

     

    Especially with regard to digital interface, what matters most are simplicity, speed more than engagement or relationships is “brand respects us” via apt, timely, relevant value. A hermit mindset leans into preciousness of trusted vintage. A broad love for the enduring, both for the utility it provides, as well as of the emotional meanings it signifies, is sweeping upon the new urban consumers. There is an abiding sense of reconnecting with rootedness, including our own roots, indeed whatever gives the daily life it’s rootedness. In turbulent currents, strong anchors, help steady the boat.

     

    What started off as “making do” has turned a page, as there is a realisation of the richness of the rooted. The preciousness of the familiar, tried and trusted. The trusted motor car, or efficient two-wheeler, hardy pressure cooker, homely safe beauty routine, sturdy absorbent towel, loyal fluttering old curtain, that like us humans, is soldiering on, reliably, is often complimented. Sepia photographs of boarding school friends, paradise lost and then re-discovered, of colleagues at conferences that pre dated the virtual meetings era, are widely commented upon. The loved but slightly sagging armchairs, wherefrom the family takes fresh daily blows on the chin, from the news, are familiar comfort zones.

     

    On an unforgiving day, day after day, trust in brands has primacy more now than in the past. The trusted is gold, to have and to hold. A hermit mindset is mindful of people over things. As generations in the family retreat to their “cave”, the main treasure to cherish is conversations with people. Caves by definition are bare, whatever the cave. Conversation, hence connection is all there is. Teens in their rooms, children on their screens, parents in their kitchen, bathroom, desk, chair, senior citizens in front of heaters, singletons on their social media channels, the long distant couples on their phones, the brave retailer in his shop, and so on. Starved of experience, each realised, all we ever really can have, is a sense of connection. So the person to person connection reigns more than ever before.

     

    (Fractured generational relationships, everywhere are getting rebuilt one conversation at a time. As huddles after dinner, mutters while cleaning, even when sweating, slipping and swearing, at rare times of just chilling, intellectually debating, just simply calling to say how are you).

     

    The “hot” buttons. These are emerging as the five ‘slow living’ hot buttons of the hermit mindset.

    :: Tough love calls.

    :: Inward motivations.

    :: Extreme value consciousness.

    :: Primacy of trust and the trusted.

    :: People bridges.

     

    For these five reasons, despite the shock experienced, the hermit mindset appears braced for simple living and high thinking, relatively speaking, for an extended period of time. Born of necessity – of disruptive as well as accelerated change. Matured of experience – in living through it.

     

    Word of the year

    In a cold place (few distractions), in warm lamp light (illuminating comfort), my word of the year 2021 crystallises. Synthesizing several threads of quantitative data, qualitative insights, expert discussions. Culminating in the notion that “serious is the new cool”.

     

    Serious is the new cool

     

    Large problems demand large, simple solutions which in turn compel larger, loftier vision and thought. Serious stuff.

     

    WT 2020 surveys across developed and developing markets suggest that consumers now believe that the challenges and opportunities humanity faces loom large and new, in scope, scale and yes even, scariness.

     

    Firstly, consumers prefer brands that demonstrate a new kind of civic leadership – in tackling these big world problems, not just small ones. There is a vital need for fresh, innovative and holistic approaches, like never before. There is optimism that a fresh generation of thinkers and doers will provide this unique and much needed perspective.

     

    Secondly, consumers also believe that brands (more than several other social organisations) are best placed to provide effective, innovative, well thought through, consumer centric ideas and solutions.

     

     

    What serious is and is not 

     

    A world pushed to transform, has had a giant, collective wake up call. And a seriously thoughtful approach is emerging as vital in several fields of endeavour. Not only that, it is transforming the grammar of transformation itself.

     

    Serious is not niche, it is mainstream, part of the “what’s going on” culture. Serious is not obscure, distant nor intimidating, it is viscerally part of the lived daily existence of many. True to context, relatable, relevant. Serious is not cold, nor dry, it is vitally, warmly people centric, even more – generational / community / relationship centric. People first. Serious is not distracted or complicated, but distilled, clear and patiently resilient.

     

    Above all, serious is not boring, nor pedantic, serious is the good it does, and protects and nurtures; and what makes it the new cool. Re-orienting brands, coaching examined. It was always cool to deep dive, take a long view, dig into what really matters. It has intensified manifolds.

     

    It is cool to seek serious help. Seeking help is no longer just for losers, but also for winners, who need it most and especially for movers and shakers who might be yearning for it unknowingly. As much as normal or average people. Getting help is simply being responsible and human. Coaching spells growth. In any arena of life, work, play.

     

    The clever bit, in the coaching conceptual framework, is that the seeker is a client and not just a patient. The expert is a friendly coach not an intimidating authority. There’s a coach offering a master class package, a phone call away, and people are gratefully opting in. Are brands listening ? Are brands observing the re-orientation going on in seeking and receiving serious help via the coaching frame.

     

    Brands can be the poster child of the coaching narrative. We open the door to a year ahead of continuing disruptive change, as well as accelerated change. In such a context, brands can be the poster child of the coaching narrative. Connecting to a new consumer in new and apt ways.

     

    1. The new consumer has a slow living hermit mindset that is inclined to being frugal, contemporary, creative.

    2. The five buttons, of this mindset, are seen to be operating at multiple levels – functional, mental, emotional, social, transactional, relational.

    3. The dots connect to signify serious is the new cool. Based on fresh research on how consumers view change across markets, and their expectations from brands at a time of change. Constructive, innovative, holistic solutions are being sought from brands to address real and big issues/consequences/opportunities.

    4. Brand as coach – ushers brands that build connections like coaches via an ecosystem of empathetic serious help. To reassuringly accept new contexts and leverage new mindsets.

    5. In sum, the quilt of new consumer understanding highlights the significance of : an emerging hermit mindset, serious as the new cool brand narrative, engaging in a coach-client manner.

     

    Purpose of the “quilt of new consumer understanding”. This is primarily stitched, patch by curated patch, to help brand custodians provide much needed empathy and warmth to a hyphenated two tone consumer. Who is at the same time, isolated-connected, anxious-mindful, frugal-creative, contemporary-rooted. And coping amazingly, at full stretch, and counting.

     

    As a patchwork quilt, true to its name, this new understanding too is stitched with the hope of connecting and creating. Being a means for others to add their inputs too.Thus, all together, becoming the basis for enabling much warmth and empathy when brand custodians market, innovate, price and communicate products and services to new urban consumers.

     

     

    Shaziya Khan is National Planning Director, Wunderman Thompson. She has won the Jay Chiat Grand Prix  for Strategy and Three WPP Atticus Global Awards for ‘Original Thinking in Marketing Communication’. Her views here are personal. First published on LBBOnline at https://www.lbbonline.com/news/hermit-mindset-frugal-contemporary-creative-hello-new-urban-consumer

     

  • IAA to host discussion on gender sensitisation in media

    By Our Staff

     

    The India Chapter of the International Advertising Association (IAA) will be hosting a high-powered virtual panel discussion with leaders of the marcom industry on July 27. The subject is Gender in media and the impact on children and their future.

     

    Said Megha Tata, MD- South Asia, Discovery Communications India and President, IAA: “A few weeks ago, we released the toplines of the results of a unique market research conducted on 1000 Indian advertisements by UNICEF and the Geena Davis Foundation. The IAA had facilitated this important research on gender representation in Indian advertising on July 27. UNICEF will present the results in depth, and then there will be a discussion on the implication of these findings on gender in media and the impact on children and their future. This will truly represent industry as the Voice of Change”.

     

    Speaking about the initiative, Nina Elavia Jaipuria, Head – Hindi Mass Entertainment and Kids TV Network, Viacom18 and Co-Chair – Women Empowerment Committee, IAA said: “Conversations and actions go hand in hand when tackling an issue as important and nuanced as gender representation in media and its impact. We are thus bringing together leaders across the ecosystem who can not only identify the change in discourse needed but also have the power to actually bring about that change.”

     

    The panelists include Rana Barua (Hon’ Treasurer, AAAI & Group CEO, Havas Group, India), Subhash Kamath (Chairman, ASCI & CEO, BBH & Publicis Worldwide, India), Atit Mehta (Head of Marketing, BYJU’s), Ashwiny Iyer Tiwari (Artist, Filmmaker and Writer), Kainaz Karmakar (Chief Creative Officer, Ogilvy India), Dr A L Sharada (Director, Population First), Nina Elavia Jaipuria, (Head – Hindi Mass Entertainment and Kids TV Network, Viacom18) & Shreyasi Jha (Senior Advisor – Gender Equality, UNICEF, New York)

     

    Added Shreyasi Jha, Senior Advisor – Gender Equality, UNICEF, New York: “Gender related stereotypes are formed at very young age and prevent adolescents and young people from reaching their full potential. Advertising and media, more broadly, plays a key role in forming and perpetuating stereotypes. UNICEF is delighted to be the knowledge partner with IAA and its members for this important event that is the beginning of a very important journey to promote positive gender roles and practices through advertising so every young person can live a life free from stereotypes and achieve their full potential.”

     

    The discussion has UNICEF as its knowledge partner, Colors as the industry partner, Havas Group as an associate partner and Clutter Cutters as the on-ground knowledge partner.

     

  • DHL launches brand campaign to bolster e-commerce

    By Our Staff

     

    Deutsche Post DHL Group, the leading mail and logistics company, has launched a global brand campaign to strengthen its position as the leader in e-commerce. The leading international logistics provider supports not only by providing reliable delivery in the growing e-commerce industry, but also by advising companies on how to make their business as successful as possible online.

     

    Said John Pearson, CEO of DHL Express: “The pandemic has driven digitalization so far that we have seen the development of almost a decade in just a few months. Existing online shops have grown and at the same time, companies have entered online retailing for the first time. As logistics experts, we can help companies keep up with the growth and benefit from it in the best possible way. In addition, we can help any brand to be a global brand tomorrow. Especially offering express delivery is beneficial for fast-moving e-commerce and can increase consumer buying activity and consumer loyalty.”

     

    Added Sandeep Juneja, VP- Sales and Marketing, DHL Express India: “In India the ‘keep up with the clicks’ campaign will have a 360 degree marketing push with presence across TV, print, digital and out-of-home. The unique commercial that highlights the e-commerce wave in the world can be seen across all DHL social media channels.  Through the campaign, we will be reaching to a wide range of businesses that have either already moved to the e-commerce platform or are looking to make the move.”

     

  • Isobar unveils white paper on impact of touch starved consumers

    By Our Staff

     

    Isobar, the digital agency that’s part of Dentsu India, has launched a white paper on the new touch-starved world.

     

    Rahul Vengalil
    Rahul Vengalil

    Commenting on the report, Rahul Vengalil, Chief Business Officer, Isobar said: ”We are invested in understanding cultural trends and people’s opinions that are continuously shaping human behaviour. Touch starvation is a major part of our lives now. While this trend slowly started picking up even before the pandemic, it is all the more prevalent and relevant today. Our effort is to understand how this affects us and create opportunities for businesses and provide the right experience for the consumers.”

     

    Mamtah Sabhrwal
    Mamtah Sabhrwal

    Added Mamtah Sabhrwal, Director – Brand Strategy, Isobar India: “We are in a state of flux and there are many studies on the shift in human behaviour and culture. Hence, it was imperative to pick a subject that analyses the root cause of the changes we are going through. We then carefully and consciously identified Touch Starvation as it has impacted people’s lives particularly a few segments without ever getting noticed. And there is a lack of general awareness and empirical data which reflects how common conditions like mood swings can be a direct implication of the same. With this white paper, we aim to uncover where are we now and what comes next due to this skin hunger.”

     

  • Nippon Paint rolls out campaigns for Weatherbond PRO

    By Our Staff

     

    Nippon Paint (India) Private Limited (Decorative Division), the paint manufacturer, has  launched a campaign for Weatherbond PRO – the high durable exterior emulsion.

     

    Emphasising the need for such a breakthrough product in the market, Mahesh S Anand, President – Nippon Paint (India) Private Limited (Decorative Division) commented: “We are excited to launch this new advertising campaign on Weatherbond PRO featuring next Gen actors Ashwin Kumar, Tanya Hope and of course the Weatherbond Blobby. With Weatherbond PRO, we wish to offer our customers a paint that can protect their home exteriors all year round to withstand extreme weather conditions. We have noticed that customers are increasingly aware of exterior paint’s role in not just beautification but also for protection from external elements. We are positive that the recovering markets combined with this advertising campaign will boost interest in the product amongst discerning homeowners. In addition, all of Nippon Paint’s products are green and eco-friendly.”

     

    Talking about the brand campaign, Mark Titus, Director of Marketing – Nippon Paint (India) Private Limited (Decorative Division) said, “With the advent of monsoon in Tamil Nadu, we expect a surge in demand for Weatherbond PRO as the paint addresses the various challenges faced by homeowners in maintaining their home exteriors. To accelerate awareness creation, we will be using a multi-platform approach to connect with consumers in Tamil Nadu including mass advertising, BTL and Digital programs, to reach out to several of our key stakeholders including consumers, painters, dealers, architects and engineers.”

     

  • Brand ambassador Rohit Sharma campaigns for Oakley sunglasses

    By Our Staff

     

    Oakley, sports equipment company, has released a film that celebrates self-expression and encourages people to believe in themselves, to ‘Be Who You Are’. The campaign launch follows the release of Oakley Kato, sports sunglasses with Prizm 24K gold lenses. The product features a frameless design, crafted with extended wrap and built-in retention to mimic the structural properties of a typical frame. Brand ambassador Rohit Sharma is part of the campaign.

     

    Said Caio Amato, Oakley Global Brand Director: “With this film, we wanted to create an anthemic message that inspires our community to truly be who they are. Fundamentally as humans – and especially as athletes – we are all unique, however at times we feel the burden to fit in, to adapt to an idea of normal, and we end up losing sight of that ‘thing’. The thing that makes us different and allows us to reach our full potential. Our goal is to empower people around the world to believe in themselves, to follow their gut, and to embrace this uniqueness to achieve their own greatness.”

     

  • FCB India announces restructuring

    By Our Staff

     

    FCB Group in India had recently announced the restructuring of its creative agencies and a new three-agency structure – FCB Ulka, FCB Interface and FCB India. FCB India, the newest agency in the fold, led by Swati Bhattacharya as the Creative Chairperson. It has now announced its newly elevated C-Suite leadership team.

     

    FCB India will be led by Debarpita Banerjee as Chief Executive Officer, Surjo Dutt as Chief Creative Officer and John Thangaraj as Chief Strategy Officer. In their previous roles, Banerjee, Dutt and Thangaraj were President – North & East, National Creative Director and National Planning Director, respectively.

     

    Swati Bhattacharya
    Swati Bhattacharya

    Speaking on the occasion, Swati Bhattacharya, Creative Chairperson, FCB India, said: “When Debbie, Surjo, and John enter the room to solve a problem… you know it will be done. Very rarely do you see such chemistry and energy in the boardroom. They can afford to be terribly honest with each other, and that directly makes the idea shiny and the brand shinier!”

     

    Rohit Ohri
    Rohit Ohri

    Added Rohit Ohri, Chairman & CEO, FCB Group India: “Hybrid thinking truly begins with hybrid talent. Debbie, Surjo and John’s diverse experience across content marketing, media strategy and digital storytelling, respectively, uniquely positions them to deliver to the challenges of building and growing brands in today’s complex, ever-changing marketplace”.

     

  • Ecommerce and online video to fuel 11% recovery in global adspends: Zenith

    By Our Staff

     

    Global advertising expenditure will grow 11.2% in 2021, driven by exceptional demand for performance-led ecommerce advertising and brand advertising on online video, according to Zenith’s latest ‘Advertising Expenditure Forecasts’ report. Advertising expenditure will total US$669 billion this year, US$40 billion more than was spent before the pandemic in 2019.

     

    Growth in advertising expenditure is expected to remain robust in the medium term, with 6.9% growth forecast for 2022 and 5.6% for 2023.

     

    The coronavirus pandemic has accelerated the structural shift in the economy from bricks-and-mortar sales to ecommerce, driving more consumers than ever to research and complete purchases online. Brands have responded by forming partnerships with retailers and creating new direct-to-consumer operations, using performance-driven advertising – primarily in social media and paid search – to lead consumers down the path to purchase. Zenith forecasts that social media advertising will expand by 25% this year to reach US$137 billion, overtaking paid search in scale for the first time. Paid search will expand by 19% to reach US$135 billion.

     

    Much of this is new money to the ad market, coming from small businesses that have had to pivot rapidly to ecommerce to survive lockdowns, and from budgets that brands would previously have allocated to retailers to secure physical shelf-space, which they are now spending on display and search ads on retailer websites. The shift to ecommerce will slow down as coronavirus restrictions lift and economies open up again, but won’t go into reverse. Zenith expects ecommerce to continue to pull in incremental revenues to the ad market, driving 13% growth in social media and 12% growth in search in 2022.

     

    Audiences continue to migrate online, and online video viewing is growing rapidly, even as traditional television ratings shrink again after a one-off spike when lockdowns began in 2020. Advertisers value online video as a means of maintaining reach while television declines, but it’s an effective form of brand communication in its own right. Demand is strong, although the popularity of subscription-funded video-on-demand has helped limit the supply of high-quality online video available to advertisers. Zenith predicts that online video advertising will be the fastest-growing digital channel in 2021, rising by 26% to reach US$63 billion. Specific numbers for India have not been given by Zenith in this forecast.

     

     

    Said Benoit Cacheux, Global Chief Digital Officer at Zenith: “The online video landscape continues to transform, fuelled by the growth of streaming services and connected TVs. Its continued evolution requires a radical rethink of how to build the optimal screen-neutral reach model. The ingestion of new data sources into TV planning also creates further opportunities to further sync TV and video planning.”

     

    Social media and online video have eclipsed traditional static display, which is forecast to shrink by 15% this year, while online classified grows by just 4%. Overall, Zenith expects digital advertising to grow by 19% in 2021, and increase its share of total adspend to 58%, up from 48% in 2019 and 54% in 2020.

     

    Most other media are enjoying growth this year, as spending rebounds from the 16% drop in traditional media adspend in 2020. Cinema and out-of-home were the worst affected by Covid-related restrictions, shrinking by 72% and 28% respectively, and will enjoy the fastest recovery in 2021, with respective growth rates of 116% and 16%. Radio advertising, which shrank by 22% in 2020, is forecast to grow by 4% in 2021, while television fell 8% in 2020 and is forecast to grow 1% in 2021. Print will continue its long decline, now in its 14th consecutive year, with an 8% drop in adspend in 2021. In 2023 adspend in all these media will still be below 2019 levels, though cinema and out-of-home will have made up almost all of their lost ground.

     

    Limited supply and rising demand are stoking media inflation

    This year’s rapid recovery in adspend, coupled with the continued migration of audiences from traditional to digital channels, is fuelling substantial increases in media prices, particularly in television. The cost of television advertising is up 5% this year on average, though the variance between markets and audiences is wide. Television spend is up by 1%, so the volume of audiences reached globally is shrinking. Digital media growth, in contrast, is mainly driven by rising audiences and more extensive monetisation, with online video inflation averaging 7%, and social media roughly flat, compared to their 26% and 25% respective adspend growth rates.

     

    US to add nearly half of all new ad dollars

    All regions will enjoy robust adspend growth in 2021, ranging from 9% in Asia Pacific to 15% in the Middle East and North Africa, which is recovering from the steepest decline in 2020, of 21%. The strongest underlying growth since 2019 is taking place in North America, which is forecast to grow by 13% this year despite shrinking by only 1% last year. Growth in North America is being driven by the very rapid pace of digital transformation in its industries, as well as strong investment in connected TV and advertising-funded video-on-demand.

     

    The US will be by far the largest contributor to global growth in 2021, accounting for 46% of the US$67 billion added to the global ad market this year, followed by China with 11%, and Japan and the UK with 6% each.

     

    “After a very tough year last year, the ad market is enjoying rapid and broad-based recovery, and will end this year well above the level it achieved in 2019,” added Jonathan Barnard, Head of Forecasting at Zenith. “Digital advertising is becoming a more effective tool for brand growth as media and commerce continue to move online, attracting greater investment from large brands and small businesses alike.”

  • MangoData and Crayons Advertising to collaborate

    By Our Staff

     

    Mango Data and Crayons Advertising have announced a collaboration as media partners.

     

    Speaking about the partnership, Deepak Negi, CEO Mango Data said: “The power of this partnership is already evident in some of the new wins for Crayons where the strength of Crayons’ creative idea was amplified by Mango Data’s cutting edge technology and effective media solutions. I expect that we will soon be a powerhouse of innovative and clutter-breaking ideas to maximise the effectiveness of the engagement between the brand and its consumers”

     

    Kunal Lalani, Managing Director, Crayons is also very upbeat about the partnership. He said: “In this day and age, what is important is to have great content that is delivered precisely to the right target audience. This partnership is going to bring about theperfect balance between content and technology”

     

  • Fulcrum Digital onboards as digital partner for Alhilal Life

    By Our Staff

     

    Fulcrum Digital, a leading business platform and digital engineering company, has announced its partnership with Alhilal Life, a life and medical insurance provider in Bahrain. The company  used its flagship product ‘FulcrumOne’ to enable Alhilal Life to create a seamless customer onboarding experience.

     

    Said Dhana Kumarasamy, CEO, Fulcrum Digital: “We are delighted to partner with Alhilal Life and its mission. We aligned with their strategic goal of delivering an exceptional experience, value, and speed for customers through a digital channel. Our business accelerator platform, FulcrumOne, enabled this digital transformation, and it is a testimony to our platform expertise. Alhilal Life has created an outstanding and collaborative thought leadership-driven culture that empowered our team to deliver this transformative digital solution. Our commitment to delivering excellence combined with insurance domain experience helps us innovate and bring forth cutting-edge solutions for customers. The Middle East continues to be an important market for us, and we are having active discussions with some of the leading insurance and financial services companies.”

     

  • Wavemaker bags media duties for Paragon footwear

    By Our Staff

     

    Wavemaker India has won the media mandate for Paragon Footwear. The mandate comprises traditional media and content including social creative and digital. The account will be handled out of the Bengaluru office of Wavemaker.

     

    Speaking on the association, Navin Thomas, Executive VP Sales & Marketing, Paragon said: “We are happy to partner with Wavemaker as our media agency. Their stronghold on media landscape clubbed with in-depth understanding of consumers dynamics is impressive. We believe the team at Wavemaker will surely help us in our journey to establish ourselves as the leading footwear brand within the young consumers too. Their volume of work in creating successful brands say it all.”

     

    Commenting on the win, Ajay Gupte, CEO – South Asia, Wavemaker added: “We are absolutely thrilled to work with a trusted brand like Paragon. Paragon has been a household name for generations in India. Their consumer focused approach, adapting to sustainable and bio-degradable ways to create environment friendly products is a huge testament to their dedication. With our AI powered platforms, we are certain to drive great efficiencies and help Paragon make a mark as a preferred brand in this changing consumer dynamics.”

     

  • Udhayakumar Pasupathi joins OMD Chennai leadership

    By Our Staff

     

    OMD India has onboarded Udhayakumar Pasupathi as new lead at the company’s Chennai office, reporting to Sulina Menon, Chief Client Officer, OMD India.

     

    Commenting on the new appointment, Menon said: “We’re extremely pleased to have someone like Udhaya, with his experience and expertise, join our Chennai team, and are confident that we will benefit greatly from the insights he brings to the table. I’m especially excited about the growth journey ahead and look forward to collectively pursuing a host of new opportunities.”

     

    Welcoming Pasupathi, Priti Murthy, CEO, OMD India said: “All of us at OMD are eagerly looking forward to Udhaya’s fresh new perspectives combined with the rich repertoire of industry knowledge he’s gathered over the years. There are some exciting growth avenues ahead, and we can’t wait to unlock them together.”

     

    Speaking about this new step in his career, Pasupathi added: “It’s been over a decade of experience, learnings and leadership in the realm of media strategy & planning, and surely there’s no better place to mark 12 years than OMD. With its vast global network and its growth-driven environment, I’m delighted to be in a space where together we quite literally make better decisions, faster!”