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BrandZ_2015_LATAM_Top50_Report
BrandZ_2015_LATAM_Top50_Report
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MEXICO<br />
THOUGHT LEADERSHIP<br />
TOP 50 MOST VALUABLE LATIN AMERICAN BRANDS 2015<br />
HOW TO GROW<br />
GREAT BRANDS IN<br />
A FAST CHANGING<br />
SCENARIO<br />
PEDRO EGEA<br />
President & CEO<br />
Grey, Mexico<br />
Pedro.Egea@grey.com<br />
“The world’s changing”: This is one of the<br />
most frequently heard statements in the<br />
sphere of communication and, whether<br />
we like it or not, it is true. How can brands<br />
adapt to these changes? How can a<br />
successful business stay on track? Or, how<br />
can certain directions be reoriented in such<br />
shifting times? I think the answer lies in<br />
understanding consumers, since they are<br />
modifying their habits, interests, and the<br />
aspects that drive their purchase decisions.<br />
Today, consumers are far more<br />
complex: a decade ago they referred<br />
to a couple of sources to make a<br />
decision, now they look for at least 12<br />
of them. In this social, economic, and<br />
cultural context, brands are forced to<br />
offer extra value to their products for<br />
a simple reason: new consumers now<br />
have tools to make comparisons with a<br />
single click.<br />
There are two other aspects to<br />
bear in mind: First, expectations of<br />
products are higher, buying decisions<br />
are determined by needs but also by<br />
the experiences generated by certain<br />
products. Second, we live in a society<br />
with new structures that have created<br />
another audience (the social media<br />
savvy), an audience we must analyze<br />
so as to articulate the appropriate<br />
messages for it.<br />
Thus, the most important thing in a<br />
world of technology trends and complex<br />
consumers is to be close to them, to<br />
their behavior, preferences, and habits.<br />
This requires strategies focused on the<br />
elements influencing the purchasing<br />
path of shoppers, meaning, those who<br />
make the final decision at point of sale,<br />
either physical or digital. Today there<br />
should be no difference between these<br />
shoppers, but the industry is reluctant<br />
to accept its own natural progress. .<br />
LEVERAGING<br />
THE TRENDS<br />
Some of the marketing trends<br />
contributing to the evolution of brands<br />
are based on: Shopper Marketing,<br />
Brand Entertainment, Storytelling,<br />
Crowd Sourcing, and Contextual<br />
Marketing. However, all of these<br />
strategies will be of no use if we fail to<br />
connect with audiences and to provide<br />
messages that are relevant to them.<br />
And what about E-Commerce? The<br />
challenge companies are currently<br />
facing is to captivate a larger number<br />
of internet users. This channel<br />
constitutes a real opportunity, since<br />
today only 6% of internet users in<br />
Mexico buy or acquire products or<br />
services through it.<br />
Today, we must think of acquisition<br />
processes in a more cohesive<br />
way. Retailers are adapting to<br />
consumers’ evolution, so we must<br />
devise strategies that follow in their<br />
footsteps, that is, we must rely on<br />
a strategic partner who identifies<br />
multichannel users’ trends, who<br />
understands, attracts and retains<br />
customers. Then we must diagnose<br />
the areas of opportunity in terms<br />
of communication so as to connect<br />
brands by means of relevant<br />
messages delivered through adequate<br />
channels. Once consumers have<br />
been guided to the point of sale, we<br />
must promote purchase decisions,<br />
customer service, and experience at<br />
POS. All of these will result in value<br />
offers and comprehensive experiences.<br />
These trends represent an<br />
opportunity to gain new audiences.<br />
Once again, the key is getting to<br />
know them so that we can enhance<br />
the opportunities brands have to<br />
communicate with them. But there<br />
is no secret recipe. Although certain<br />
diagnoses might be similar, not all<br />
remedies will work for all of them.<br />
To conclude, we must remember that<br />
marketing is addressed to audiences,<br />
so that all companies, regardless of<br />
their sector, must be attentive to who<br />
is it that they are talking to. This will<br />
help them be aware of their market,<br />
of its needs and how to meet them.<br />
People in charge of companies and<br />
advertisers must carry out thorough<br />
diagnoses so as to create Famously<br />
Effective messages – messages<br />
that people talk about and help the<br />
business move forward.<br />
Grey is one of the ten largest advertising<br />
agencies in the world, with offices in over<br />
83 countries. It has one overriding focus:<br />
to produce truly great creative work,<br />
to produce work that soars, makes us<br />
proud and fosters the brand relationship<br />
with consumers—work that helps our<br />
clients prosper. Grey Worldwide provides<br />
highly creative services including brand<br />
ideas and strategies, brand planning,<br />
creative development and production.<br />
Our agency is organized into four<br />
geographical units: North America;<br />
Europe, Middle East & Africa (EMEA),<br />
Asia-Pacific and Latin America..<br />
www.grey.com<br />
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