Media Investment: Changing Media Success Measures
Kantar Worldpanel has just launched a new report: "Media investment: Why you should judge in terms of shopper recruitment, too".
By the end of 2018, the global media industry is set to be worth over $550 billion. With this number growing and consumer packaged goods (CPG) brands making up a quarter of that spend, understanding the impact of advertising is crucial. CPG brand growth is directly linked to finding new shoppers, so you must ensure your media spend is helping you do the same.
Kantar Worldpanel conducted a series of analyses to isolate the effects multi-channel advertising has on CPG brands globally, focusing on the impact of media on shopper behavior. In the short term, it creates a direct uplift on sales, but the media effect does not finish with the campaign—advertising can make a campaign’s impact last far beyond its end.
Finding new shoppers
A brand’s shopper base is never static. On average, half the shoppers who buy you this year will not buy you the next. We have seen that, for a brand to grow, it needs to find new shoppers. Of all the CPG brands growing globally, 9 in 10* have done so through increased penetration.
Linking brand growth directly to finding new shoppers means you must ensure your advertising is supporting this. Putting the shopper at the heart of your media analysis unlocks both short- and long-term growth.
In the report, we look at how this works in practice, and what it means for brands wanting to boost advertising’s impact on sales.
Download the full report through the link on this website.
*Source: Europanel BG20