Andy on Twitter

  • Another great example of cluelessness. Google has a right to exercise inordinate power over its own products. Just… ,
  • via ... is hard for us here to laugh. States now run the country abs SOMO sitting on the sidelines. ,
  • Still a bit surprising to me how often people confuse a successful company with a monopoly. And how they will compl… ,
  • And what about the rest of the Internet... they'll ask to dip their hand into the Google coffers as well... this is… ,
  • And oh, isn't Google fully within its rights to say "nah, don't think so, "we'll just stop surfacing news we have t… ,
  • Wonder if our Govt will figure out how search works and understand we want to find news on Google and it takes us t… ,
  • Yep. 100% Chaos. Covid has exposed the need for a new approach to Federal vs. State level governance. Border cont… ,
  • WA Premier lashes NSW over virus and continues to be full of rhetoric and utter BS. VIC is doing worse than NSW by… ,
  • Spot on. A Royal Commission should be accelerated by the PM... Victoria’s brutal bureaucracy bereft of basic decency ,
  • A great read... So right... Let’s ask a better question: Why doesn’t advertising work (more often)? | WARC ,
  • Further evidence of the disgrace that is . It's time for a coordinated federal approach versus the… ,
  • Victoria still in a state of total disarray with regard to covid testing and comms. DHS phones melting down. Covid… ,
  • Big news from Team Dubber as we welcome Speik to the Dubber family and extend our global leadership in unified call… ,
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We’re all flying blind

Research into CMO’s views tends to humour me more than enlighten. It mostly tends to be out, based on what I am hearing, by some order of magnitude.

The latest from the CMO Council falls nicely into both the humour and out by an order of magnitude category. Here are a few snippets:

  • 84 per cent of global marketers expect the pandemic will multiply business disruption globally. OK, so what are the rest thinking – there either in self-isolation on a mountaintop or in denial?
  • 90 per cent expect to make changes to their marketing plans. Again, what is the remaining 10% thinking?
  • 66 per cent said they don’t have enough real-time visibility and insight into the pandemic’s impact across both the demand and supply chains. That should be like, 100%.
  • 69 per cent are not satisfied with the quality, timeliness and usefulness of decision support data. Again, should be 100%. It’s not that the functions providing the data are failing, it’s just they are living with VUCA as well.
  • Marketers feel they’re addressing customer consternation and concern extremely well (36 per cent) or moderately well (56 per cent). “Feeling” isn’t a fact. What do customers think? The many marketers I’ve spoken to are struggling with how to communicate in a relevant and authentic way, and to scale communications when all the resources they depend on are shutting down.
  • Two out of three said they’re safeguarding employees and support staff extremely well, and 27 per cent moderately well. I’m hearing real concern amongst marketers for their people. Not in terms of whether they are communicating well or not, but rather, whether there will be jobs at the end of this.
  • Nearly 60 per cent expressed moderate confidence in their company’s contingency, containment and recovery plans, while 31 per cent are extremely confident. I’m seeing this skew massively by sector. In banking, high confidence – they are built to weather crisis like this. In travel and hospitality, much less so. In non-essential retail, 100% aren’t. The industry matters greatly. Homogenizing data produces a false result.
  • Nearly half of marketers are bracing for marketing spending cuts. Another 26 per cent don’t know what’s going to happen. Bracing for cuts is right up there with “hope as a strategy”. The best marketers I am talking to are taking a leadership stance in reshaping and remodelling budgets to reflect demand models and architecting a strategy for the next three months, and alternate strategies for beyond that. The budget should be a by-product of strategy.

Your thoughts?

To view an infographic on the data, click here.

 

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