Business

In 2016, the workforce is undergoing a seismic change as 3.6 million Baby Boomers are set to retire, one-fourth of Millennial workers will take on management roles and Generation Z (those born between 1994 and 2010) has started to enter the workforce

Facebook’s system allows advertisers to exclude black, Hispanic, and other “ethnic affinities” from seeing ads.  Imagine if, during the Jim Crow era, a newspaper offered advertisers the option of placing ads only in copies that went to white readers.  That’s basically what Facebook is doing nowadays.  by Julia Angwin and Terry Parris Jr. / ProPublica

As part of its wide-ranging, multiplatform political and electoral coverage, Univision News presents a special digital report that provides a comprehensive overview of Hispanics in public office across the United States over the last two decades: “Latinos en Power.”

By Gonzalo López Martí  – Creative director, etc. / LMMiami.com

• Last Tuesday, my friend, benefactor, mentor, partner in crime, founder & editor of this prestigious publication, Eugenio “Gene” Bryan, plus yours truly attended a great show at Downtown Miami’s Knight Concert Hall, headlined by Cuban living legend Omara Portuondo, she of Buena Vista Social Club fame, who at 85 years of age still has the uncanny ability to bewitch audiences with her soulful voice.
• The fact that she’s accompanied by a band of world-class musicians doesn’t hurt either.
• It just so happens that simultaneously across the street at the Adrienne Arsht Center for the Performing Arts, there was another concert by another living legend of popular music, in this case from France, 92 year-old Charles Aznavour (aka the French Frank Sinatra).
• On top of that, at the same exact time a few blocks south of where Mrs Portuondo & Mr Aznavour were performing, none other than British diva Adele was slated to sing at the American Airlines Arena.

Marketers and media executives love to talk “programmatic.” But it’s one of the most misused words in the field. People might mean anything from automatically purchased display advertising (the correct definition) to dynamic insertion of ads on TV (not quite right).

However, the world’s cities are facing more challenging demographics, and the days of easy growth are over. In the past, city economies expanded largely because their populations were increasing due to high birthrates and mass migration from rural areas. Both of those sources of population growth are now diminishing. Global population growth is slowing because of declining fertility rates and aging. At the same time, rural-to-urban migration is running its course and plateauing in many regions. How cities adjust to the new reality is important not only for their prospects but also for those of nations that will continue to rely on thriving cities for rising prosperity.  By Jonathan Woetzel, Jaana Remes, Kevin Coles, and Mekala Krishnan

Big brands spend a lot on media. Media budgets can be tens or even hundreds of millions of dollars a year. Despite this huge investment, however, many are only just starting to realise that they need greater internal expertise to take back control.

Operating in a Silicon Valley-style work environment has been one of the key qualities that has helped TechStyle Fashion Group gain success as a disruptor brand in the fashion industry. Parent company to popular brands such as Fabletics, JustFab, and ShoeDazzle, TechStyle has successfully used technology, big data, and customer service to reimagine ecommerce and fashion alike.  By Crystal Albanese, senior manager of conferences and committees at ANA

Retailers could see record web traffic this year, according to Deloitte’s 31st annual holiday survey of consumer spending intentions and trends.

Cargill is repositioning its Rumba line of fresh variety meats with an emphasis on Hispanic consumers, a segment of the U.S. population that enjoys and values traditional ethnic food.  

IRI announced third quarter results from its IRI Consumer Connect survey uncovering that nearly two-thirds of U.S. consumers believe their financial health is poised to deteriorate in 2017 regardless of who wins the presidential election this year. Despite relentless campaigning, this remains consistent with their second quarter sentiment. This financial uncertainty is setting the stage for an upcoming holiday shopping season in which 55 percent of all consumers surveyed say they will spend the same as last year this holiday season.

By Gonzalo López Martí – Creative director, etc. / LMMiami.com

• Some 15 years ago, when I was a cocky creative guru gainfully employed by BBDO in Miami, a coworker and good friend of mine told me a peculiar, insightful and, to some extent, sad story that stuck in my mind ever since.*
• The tale might have been sugarcoated for effect by its protagonists.
• Nevertheless, it is quite enlightening for us Latinos living on US soil and beyond.

It’s been a tumultuous year for the advertising industry, and employees are feeling the fallout. Today, nearly half of industry employees say they suffer from low morale, a significant increase from 2015, according to the second annual Campaign US Morale Survey.

In a recent finding and infographic created by advertising software company Videology, they compared the changes in TV and programming consumption from the 1940s to the present.

Agency leaders are standing at the proverbial crossing. Only this is not the standard T-crossing where the road leads either left or right, nor is it a fork in the road where one path leads to unknowns up the mountain, and the other unknowns will be on the path down the valley.

NBCUniversal Telemundo Enterprises announced the creation of Telemundo International Studios (TIS). 

By Gonzalo López Martí    – Creative director, etc./LMMiami.com

A surprisingly large amount of followers of my weekly marketing & advertising manic musings keep asking me about that friend of mine I wrote about a few columns back who’s depressed because soccer moms are driving Porsches and Teslas.

Media owners advertising sales are expected to increase by +6.3% in 2016 and by +1.6% in 2017. Neutralizing the  impact  of  incremental  ad  spend  driven  by  even-year  events  over  the  period  2015-2017  (“Political  &  Olympic”  effect  or  “P&O”)  advertising  sales  would  increase  by  +4.4%  in  2016  (previously:  +4.1%)  and by+3.5% in 2017 (prev. +3.4%).

Enjoyed the opportunity to attend a speech by David Slocum, faculty director of the Executive MBA Berlin School of Creative Leadership at one of industry events hosted by Luis Miguel Messianu of Coconut Grove, FL based ALMA.  In essence we as an industry need to change the ways we think and act on how we can mold our organizations to faces challenges on any side of the business model.

While holiday spending is likely to increase again this year in the United States – with 44 percent of U.S. consumers planning to spend more than they did last year – frugality will be the theme this holiday season, as shoppers want more for their money and are willing to put in the extra work to get the best deals, according to Accenture’s annual holiday shopping survey.