Business

A large majority (75 percent) of ANA members have strategic plans in place to hire suppliers with diverse backgrounds for their overall organizations, but only 40 percent have such strategies specifically for marketing and advertising services.  Those are two of the key findings in a new ANA study, “The Power of Supplier Diversity,” which also revealed that among those with a supplier diversity strategy, the top segments targeted are women-owned (98 percent), ethnic/minority-owned (95 percent), veteran-owned (90 percent), LGBTQ-owned (88 percent), and disability-owned (80 percent).

As more states loosen their stay-at-home orders, a study released by the Network of Executive Women (NEW) and Hispanic marketing platform Latinarrific prompts interesting questions regarding whether the COVID-19 pandemic will ultimately reverse or accelerate corporate America’s Latina leadership crisis.

In just a week’s time, the Coronavirus pandemic has completely upended the globe. It has had substantial effects on people’s lives and livelihoods, and it has entirely transformed the way companies do business. In the advertising industry, we’ve all felt the immediate effects: Cancelled events, meetings and business trips. Work-from-home mandates that include hunkering down inside our houses and apartments alongside our entire families. And yes, even paused and pulled advertising campaigns.

BOTTOM LINE: Following the onset of Covid-19, it has not been surprising to see the strength in eCommerce, but what has caught us by greater surprise has been the boon lower priced media – particularly on FB – has been toward that acceleration. We have spoken to several agencies that are focused on the DTC-native eCommerce segment. Their advertisers indicated that beginning early/mid April, they were seeing multiple successive days of record spend at prices down 30-40% post-Covid vs pre-Covid. Beyond the benefits of lower eCPMs, this has been accompanied by higher conversion rates as well – driving record ROAS for this cohort of advertisers. We have not touched base with any gaming advertisers, but based on FB’s comments on their 1Q20 eps call, suspect this is likely driving a further boom. Notably, we have heard about pricing increases though early May on FB in the HSD/LDD range, though pacing still well below pre-Covid 19 levels. Our interpretation is this is more a reflection of firming up of the auction at FB, though it is having a slight negative impact on this cohorts’ ROAS.

A discussion with Lerma’s Principal & Founder, Pete Lerma and Brand Planning Principal, Quim Gil, as they take a close look at the impact the Coronavirus has had on communities of color, specifically U.S. Hispanics. They’ll discuss how brands can leverage their power and become dynamic social actors in favor of equality.

It’s not easy to find candidates for advertising, media, and marketing roles that have all the desired skills.

As social distancing and virtual work have become our new normal, here are five suggestions to help ensure everyone on your team feels included and valued.

“Gal Friday, Spanish helpful but not necessary,” read the 1980 newspaper ad that caught Rochelle Newman-Carrasco’s attention and changed the course of her life. In this segment from last week’s “IAP Live” interview, Rochelle Newman-Carrasco utilizes hilarious impersonations to tell the story of the wildly eccentric Pedro Font, her introduction to the U.S. Hispanic marketing industry, and the meteoric rise of Font & Vaamonde.

Media buyers should follow five key criteria when venturing into the complex and opaque ecosystem of third-party data that is designed to help them target their programmatic digital media buys.

Here in the US, the hard-pressed retail industry has suffered the first of what is likely to be a string of bankruptcies. Last week fashion retailer J. Crew and department store Neiman Marcus both filed for Chapter 11. While neither brand could be considered strong, the real issue was the debt load both companies were carrying. The Great Lockdown simply delivered the coup de grâce.  By Nigel Hollis

In this episode of Hispanicize Hangout BUSINESS edition, get an inside look into the three largest U.S. multicultural media practices via an in-depth and personal conversation with Lisa Torres (Publicis), Gonzalo Del Fa (Group M) and Karina Dobarro (Horizon Media).

In this episode of Hispanicize Hangout BUSINESS edition, get an inside look into the three largest U.S. multicultural media practices via an in-depth and personal conversation with Lisa Torres (Publicis), Gonzalo Del Fa (Group M) and Karina Dobarro (Horizon Media).

In times of uncertainty, it’s especially important to stay connected with your consumers. Whether you’re trying to add new benefits to your offerings to keep up with changing consumer opinions,  updating claims on your packaging or building your innovation pipeline to meet emerging needs, you need consumer input. But at the same time, getting that input is more difficult. Restrictions on in-person data collection, such as with focus groups, leave a gap in your usual processes, and a fast-evolving environment means you have to be even more agile.

I’ll wager you’ve all seen one: they’re slow paced, backed by acoustic piano and open with shots of empty city streets.  Those shots are followed by people copying with life in Coronavirus-enforced lockdown, then the brand that you can’t remember tells you that they’re there for you.  ‘They’ are the COVID-19 ‘emotional support’ ad.  And it’s time they stopped, or they got a lot better.  by Daren – Global Head of Creative / Kantar

It was nearly eight weeks ago when Golin announced we would begin working from home and it’s hard to believe how far my reality has shifted since then. It was a gradual process. At first, I continued visiting client offices, I set up a home office that best worked around my sons’ schedules and I pulled my oldest from school. Then it hit stronger; I stopped seeing friends and engaging in social activities. I could no longer see family and neighbors had to stay a wave away. Inevitably, my life inside the walls of my home became my entire world – my sanctuary, school, gym, office and so much more.  By Cristina Verdeja Zaldívar – GOLIN / Director

She dreamed of becoming a librarian.  As a child, Natalie Boden would spend hours organizing books on her shelves. She even developed her own card catalog filing system.  The Honduran native today is the founder and President of BODEN, a public relations and social media agency which counts McDonald’s, Target and UnitedHealthcare among its clients.  By Court Stroud

A tremendous amount of money is spent on data for media buying decisions, specifically third-party audience data. Third-party data can come from many different sources, and multiple methodologies can be used in its collection, structuring, and marketing. This often makes it difficult for advertisers to understand exactly what they’re buying, leaving advertisers at a disadvantage and at risk of purchasing data that’s unsuitable for their purpose. To address this problem, advertisers need to evaluate the quality of a dataset before purchasing it.

Governments around the world are edging toward plans to exit mass population lockdowns, albeit at different speeds and in different ways, but the persistent questions for business are around what the future holds and how it should be navigated.

2020 is the year when the majority of all Americans under seventeen years old will be from a minority background, a process that will culminate with a so-called “minority-majority” population by the mid-2040s. These demographic changes will bring about a significant transformation to Corporate America, and during the next few months, I will discuss some of these consequences, in each article targeting one specific area of our business environment. By  Isaac Mizrahi – Co-President of ALMA Agency

Andy Lack is leaving. And, the top executive overseeing NBCUniversal Telemundo Enterprises is taking over his role as part of a wholesale restructuring.  By Adam Jacobson – Editor in Chief / Radio +TV Business Report