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Learn to Successfully Rewire Your Marketing For 2010

Tuesday, March 16th, 2010

A forward-looking organization poised to excel in 2010, and the years to follow, must understand that shoppers are making their purchasing decisions using a new lens of affordability. The final track of breakout sessions at IRI’s 2010 Reinventing CPG & Retail Summit will detail the various ways to invigorate your brand, execute a multi-platform digital marketing campaign and predict which trends and practices are best to follow.

The following topics will be discussed in the breakout session for Rewiring Marketing:

Brand Experience via Behavior Design: Marketing Solutions That Drive Sales

With all the buzz words and related philosophies littering the trades purporting to have the key to engaging with today’s hyper-connected consumer, it’s no wonder CMOs have their own support groups and retreats. Well, into the maelstrom of new media and social networking, digital influence, touch-point mapping and shelf-back persuasion, let us throw one more with behavior design. Behavior design has enabled numerous companies to invigorate their brands from shopper marketing and retail strategy to global brand ambassador programs, experiential design and field activation. Join us for a peek under the hood at the new brand experience engine that is building brand growth and sales for some of the top companies in the world.

Digital Gestalt: Separating the Myths from the Media (Roundtable)

All hype aside, in this session, you will learn how you can use new media, including mobile, on-line promotions, digital advertising and social networking to build your messages and grow your business. Are new media outlets the “magic bullet” for reaching consumers in tough times? What are the current Internet and digital trends, and what will come next in 2010? This will be an interactive session focusing on the major issues of marketers and retailers in CPG and will provide retailers and manufacturers with key learning’s and best practices from IRI and other industry experts.

How to Win With Smarter Shoppers – What Worked in 2009 and What’s Ahead for 2010?

New product innovation and introduction has to be that much more selective during this period of less capital and savvier shoppers. The announcement of those products that have succeeded over the past year will be placed into the context of an array of IRI consumer and shopper research grounded in attitudinal and behavioral data. Session attendees will know what worked in 2009 and why, and what they can expect from shoppers in 2010.

The Social Web – What does it mean for CPG Brands?

Consumers are adopting the use of social networks, such as Facebook, YouTube and Twitter and of Smartphone’s at a speed that is catching marketers off guard. What does the social web mean for CPG marketers? This breakout will focus on some lessons learned, selected best practices and some thoughts about where we are heading.

What Recession? Finding Opportunities in the Billion Dollar Beer, Wine and Spirits Vertical

In this session, Harry Schumacher, editor of Beer Business Daily, and Megan Metcalf, editor of Wine and Spirits Daily, will share the latest thought leadership on innovations and trends in this recession-resilient vertical. The discussion will also include a recap of the relevant industry news from 2009, and will provide provocative ideas and predictions about what lies ahead in 2010.

Be sure to follow us on Twitter, Facebook or LinkedIn!

Visit www.cpgsummit.com for more details and to register.

Tags: Marketing, Summit
Posted in Marketing, Summit | No Comments »

IRI Experts Look Ahead: 2010 CPG Marketing Trends

Thursday, January 21st, 2010

We can’t believe how fast time flies…we’re almost at the end of January.  Before we end the month, we’d like to share 2010 industry predictions from several of IRI’s respected consumer, retail and CPG experts.  They put together a valuable set of insights into what 2010 may bring and how marketers can plan to tackle competing in an economy that is reviving at an uneven pace.

Moving out of the recession will bring many new opportunities as well as challenges for retailers, marketers and manufacturers in the CPG world. Precision is paramount. Picky shoppers are here to stay and pricing remains critical. Predictive analytics, pricing and new mediums for marketing will pave the way for successful marketing in 2010.  Here’s what they have to say:

Increased Analytics to Compete in the New Economy: We should see accelerated integration of analytics and investment in platforms to support “near real-time” business insight generation. Striking a balance between the brand-building strategy and the pricing strategy is a debate that will continue to be heated as economic indicators trend upward. The key for many companies is to leverage predictive analytic solutions that inject science into these complex questions and integrate these analytics to “tell one story.” In 2010, companies must focus on the integration of analytics to gain a “single point of truth” and move to timely and forward-looking insights to stay ahead of the ever-shifting curve that have been created by economic shifts. – Doug Brooks SVP, IRI Modeling & Analytic Services

Don’t Ignore Pricing: Pricing and promotional optimization strategies are the next “magic bullet” in 2010. Shareholders are becoming increasingly restless and want to finally see growth and profits. Companies are feeling the pressure and are turning to optimizing their pricing and promotional strategies.  After being known as the “sick man of marketing,” strategic pricing strategies have not been given the analytical rigor of other marketing functions for the past several years. That is all about to change in 2010. CPG and retail companies will invest in new granular strategic pricing models that will help leverage the knowledge of what individual consumers truly value. These companies will start to better address pricing that ensures profits without product and retailer cannibalization. This will lead to better priced new products at their launch and the ability to match prices to very discrete consumer and customer groups. – KK Davey, EVP, IRI Consulting & Innovation

New Marketing Mediums: Online marketing programs, forums and social media platforms are the only advertising segment demonstrating significant growth in spending share, up 6.5% in the first half of 2009 alone. Some CPG companies have been relatively slow in fully utilizing these new capabilities to directly communicate with consumers and shoppers, spending only between 3% and 5% of their advertising dollars on various digital media solutions. However, IRI predicts this figure will grow significantly over the next three years, especially as these companies gain access to solutions that can more efficiently and effectively identify consumer/shopper opportunity segments for marketers to target their communications online and, just as importantly, accurately measure the ROI that digital media programs can deliver. There has never been a better opportunity for innovative CPG manufacturers and retailers to connect directly with their consumers/shoppers online, at home or in-store. Direct access to consumers and shoppers is available on an ever-increasing number of platforms or devices today, including traditional media, online social media forums and mobile devices. Those marketers who develop effective “direct-to-consumer” marketing programs that leverage these various devices/platforms will be in a much better position to communicate and maintain relationships with their key consumers and shoppers, to rebuild brand or store equity and introduce new products, etc, to drive sales growth.  – Robert (Bob) I. Tomei, President, IRI Consumer & Shopper Insights

Contributors:

Doug Brooks, SVP, IRI Modeling & Analytic Services

KK Davey, EVP, IRI Consulting & Innovation

Robert (Bob) I. Tomei, President, IRI Consumer & Shopper Insights

Tags: Marketing Trends
Posted in CPG, Marketing | No Comments »

Developing Marketing Effectiveness Strategies

Wednesday, August 12th, 2009

Is it possible to market effectively in this economic crisis?  Where should you spend?  What should you spend? What can you cut? Media or trade? Digital or mass? Can you afford not to spend?  These are some of the hard questions facing CPG manufacturers and retailers today. It will be the most innovative, effective, and efficient companies that weather this storm.

I’ve spent the many years working with top CPG, financial, pharmaceutical, and retail companies to help maximize their marketing potential, improve their forecasting, and increase their marketing ROI. As IRI’s new senior partner in the Consulting & Innovation practice, I’m excited to work with IRI’s team to create key forecasting and marketing effectiveness strategies for our clients. In this role, I’ll help our clients meet their revenue goals and support their operations, delivering plans that will carry them through the downturn and maximize the actionable insights they receive from IRI’s transformative research and measuring tools.

You’ll be seeing more on the blog about the new ideas and plans we’re creating for our clients, and, as always, we welcome any insights or comments you have. Stay tuned for more…

Best,
Ed See

Tags: Marketing Effectiveness Strategies
Posted in Marketing | No Comments »

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    Digital marketing should be measured with the same statistical rigor as traditional marketing, to allow comparison http://t.co/9e2Z33fZ 16 hours ago

    There’s No Mystery to Digital Marketing ROI Measurement http://t.co/9e2Z33fZ 16 hours ago

    Check out @retailwire's "For Non-Foods New Products, Performance is Prized" for more on 2011 New Product Pacesetters http://t.co/bJPKcUnV 2012/05/15

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    We teamed up with @Legolas_Media to study the impact of online advertising on in-store sales http://t.co/O4EW81HL via @CStoreDecisions 2012/05/14

    Retail Industry News Weekly Week of 5/11/2012 http://t.co/jemwEGhD 2012/05/14


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