By Christina Adams, Kari Alldredge, Sajal Kohli, and Andrew Pitakos Despite some glimmers of optimism last quarter, consumer spending across demographic groups—and many retail segments—continues to decline. Here’s the latest research from our ConsumerWise team. After signs of improving economic sentiment in the spring, consumer spending seems to be in a summer slump. Across age … Read more
The American ethos of “individualism,” which prioritizes self-reliance, independence and frugality, has tremendously impacted general market advertising strategies. Marketing to Hispanic consumers, however, requires a different approach. The Hispanic ethos embodies collectivism, emphasizing the belief and practice of interdependence and interconnectedness among individuals. Twenty-eight percent of Hispanics live in multigenerational homes where bilingual-bicultural family members … Read more
By Allen Adamson The need for certainty is a gravitational pull shared by all marketers. From project to project, our clients ask us (and we ask each other), “Are you sure this is going to work? Is it going to sell the product?” This would seem both natural, and rational. Selling the product is what … Read more
In the midst of continued change and disruption in 2022, the global entertainment and media (E&M) industry reassessed its strategies, refocused on core operations and revised some key assumptions. Industry players are doing so by tapping into the many geographical and sectoral growth hotspots and by harnessing emerging technology. Our 24th annual Global Entertainment & … Read more
The U.S. homeownership rate in 2022 was even higher than before the COVID-19 pandemic — 65.8% compared to 64.6% in 2019 — a rebound driven largely by those age 44 and younger, according to the Census Bureau’s Current Population Survey/Housing Vacancy Survey (CPS/HVS). Homeownership continued to climb from the downturn following the foreclosure crisis (2004) … Read more
By Rakesh Kochhar A radiologist at Unfallkrankenhaus Berlin uses an AI-based app to look at a patient’s brain scan images on a tablet. (Monika Skolimowska/picture alliance via Getty Images) How we did this Terminology Artificial intelligence (AI) recently gained new attention with the release of ChatGPT and Dall-E. These tools and the broader array of … Read more
By Markus Berger-de León, Jerome Königsfeld, Melanie Riebel, and Kai Vollhardt Scaling a company—large or small—is no easy feat. For start-ups, 80 percent never reach critical scale.1 At bigger companies, the challenge is even greater. Only 10 percent of S&P 500 companies have achieved growth surpassing the GDP for a continuous period of 30 years … Read more
By Noel Artiles – Creative Director / Creative Leader As a creative professional or innovator, I totally get it—you’ve probably cooked up your fair share of Big, Ugly, Monstrous Ideas that you secretly hope will never see the light of day. It happens to the best of us! These are ideas that you might be … Read more
Ad agency consultant Michael Farmer made his name with a book, Madison Avenue Manslaughter, that explained in forensic detail how advertising agencies are running themselves into the ground. Now, he’s published a second book: an inside account of one creative agency’s attempt to save itself from decline with a new business model. Madison Avenue Makeover … Read more
By Charlotte Lipman At its inception, TV was a broadcast medium that advertisers relied on for one-to-many marketing. Viewers were accustomed to appointment-style viewing, limited content options, and commercials with messaging that appealed to most consumers. Today, streaming services supply viewers with extensive on-demand video libraries powered by personalized recommendation algorithms and the ability to … Read more
Telemundo, the exclusive Spanish-language home of the FIFA Women’s World Cup 2023TM, announced today a limited-edition merchandise collection in collaboration with the pioneering Los Angeles-based clothing brand and cultural movement Kids of Immigrants. The collection highlights the network’s “La Copa Es Nuestra” campaign for the FIFA Women’s World Cup 2023TM and celebrates the influence of … Read more
By Larisa Bedgood It’s hard to believe it was ten years ago when Time Magazine released their iconic millennial cover story, The ME ME ME Generation. Flash forward to 2023 and millennials – those born between 1981 and 1996 – are now 27 to 42 years old and the largest generation by size – surpassing … Read more
By Neil G. Ruiz, Carolyne Im, Christine Huang and Laura Silver Pew Research Center has a long history of measuring Americans’ views of the United States, China and other countries, but less is known about Asian Americans’ views of these countries. Amid the American public’s increasingly negative views of China and rising concern over tensions … Read more
In a volatile world rife with pressures on consumers, from health and the economy to challenges to rights and freedoms and an eroding sense of community, consumers are demanding more from brands. The relationship between consumers and brands must evolve, as people feel more vulnerable, and their expectations of brands grow. The 2023 Edelman Trust … Read more
By Xavier Mantilla – Media Strategy, Creative and tactical execution across multiple markets including US Multicultural. Agency Partnerships and coordination. Work is like any relationship and sometimes we pursue what we feel is right, and find out later that it was a mistake. Like marriage, there are ups and downs, but when we look at … Read more
By Mark J. Burns The common narrative associated with American soccer is that it is “the sport of the future” and one with momentum. Expansion is a recurring theme among the top two U.S. professional soccer leagues: MLS recently added a 30th team in San Diego, while the NWSL expects to expand to 16 teams … Read more
By Pierre Bouvard How much time do American consumers spend with their devices and media? In February 2023, Advertiser Perceptions, the gold standard of advertiser and agency sentiment, surveyed 305 marketers and agencies to learn about their perception of American media habits. Media decision makers tend to believe their media habits are pretty much like … Read more
Canela Media launched its latest sports-focused original programs on Canela Deportes. Campeonas will cover the biggest sporting event for women’s soccer happening in Australia and New Zealand this summer. Campeonas will feature the latest news from down-under, stories beyond events on the field focused on Latina players playing in the competition and the environment around … Read more
For our second annual salary report, we surveyed 1,000+ PR professionals to better understand better understand how they’re paid, the hours they work and more. For the first time, we’ve included journalist salaries in our research. Here’s a sneak peek at what’s inside: Typical salaries for PR pros across brands and agencies Salaries and hours … Read more
By Chris Warren Liberty Mutual Insurance’s “Truth Tellers” ad campaign was working well. The TV ads are set on a boardwalk in front of New York’s Statue of Liberty and feature humorous characters, like a handsome but bumbling actor who can’t remember his lines. The ads attracted plenty of attention within the advertising industry and, … Read more
