Covid-19 presented numerous challenges for marketing specialists all over the world. How did the clients react? What kind of impact had the epidemic for the marketing communication plans? What kind of help and adaptation could the clients expect from the agencies? Progressive Advertising Agency was looking for the answer through these questions in its latest research.
The outbreak of the Coronavirus created a brand-new scenario for the advertising agencies and for the marketing specialist as well. It became crucial to recognize how to react and respond flexibly and quickly to the rapidly accelerating economic change and to be able to give the most effective answers to the new challenges.
It is vital that we are able to work together effectively in the following period to make the economic life to be efficient again. Furthermore, it is just as necessary to have a comprehensive communication between the clients and the agencies about the new expectations and adaptation strategies.
The aim of the research of Progressive Advertising Agency is to bring to the surface what challenges the client side has faced, what kind of responses they had, and what kind of agency support is needed to operate effectively.
New challenges for the marketers: higher expectations, expanded responsibilities
On the one hand, examining a short-term period; the epidemic and its economic effects had a negative impact on the companies’ outlook, however on the other hand, on the long-term run, the customers are more likely to be optimistic.
After the outbreak of the epidemic, the clients were forced to reduce their marketing budget. If this was not enough, the management expected a greater efficiency in the marketing communication. In addition, this expectation is not only for short-term, but also for long-term.
On the client’s side, the company leaders have a higher expectation towards to their managers. Firstly, flexibility, the reaction of immediate pursue to any changes and proactivity became much more important. Secondly, to have more cost-effective solutions, respectively, the strategic thinking has a higher value, just as the integrated approach as well.
A significant number of marketing manager’s responsibilities expanded. The clients experienced that due to the crisis, the number of campaign planning, strategic and tactical budget planning tasks have increased. Moreover, there is more market-and-campaign analysis tasks, just as it became important to learn about their consumer’s needs. Project management and implementation also requires more work for the clients.