Managing Marketing in the Coronavirus Crisis

The global spread of the coronavirus already has caused significant disruptions in supply chains, corporate profits, economic growth and government policy. No one knows how bad things will get before they get better, but marketers need to be prepared. Certain industries are more likely to be significantly affected as people shun travel and large gatherings: airlines, cruises, events of all kinds (perhaps even the Tokyo Olympics), business conferences, hospitality, and even retail venues. Supply disruptions also could affect sectors ranging from auto manufacturing to high tech to promotional products. A general slowdown could cut advertising spend initially, but experts believe it is more likely that there will be a reallocation of dollars to cater to quarantined or self-isolating consumers via mail order, digital marketing and e-commerce product sales; via online video and gaming options; and even via streaming of sports events instead of stadium venues. In a recent blog, AI and data tech company Appier suggested tactics to leverage this rise in online consumption, for example by using online data to identify coronavirus concerns and deliver targeted relevant content and advertising via keyword segmentation, which is especially relevant for health, wellness, medical, and sanitation sectors. Companies can also develop more branded online apps, games, and videos to compete for the expanded online audience. Plus, it will be important to use AI and audience data for contextual targeting and proper placement of advertising to avoid creating a negative brand impression. Because companies may face logistical delays, they need to commit to transparent multichannel communications on product shortages and estimated delivery times, as well as timely response to questions and complaints, advises Appier. At the same time, increased engagement via website, e-mail, social media, push notifications or in-app messaging can bring customers closer and help reduce frustration levels. Appier also stressed that marketers need to set the right messaging tone for an anxious audience, avoiding the hard sell in favor of customer and community support. In a PR Week interview, Priyanka Bajpai, regional head, Southeast Asia, SPAG Group, promoted the company's 3E approach to messaging during the crisis: Empathy to show cautious optimism and trust in the future ability to work together and find solutions; Engagement of internal and external stakeholders to inspire confidence; and Education using multiple channels to outline the criticality of the situation and steps taken by the brand to support stakeholders. Brands may also want to highlight corporate social responsibility efforts such as nonprofit donations to address the pandemic but should avoid marketing around those donations. For more, see our website blog at https://www.acculist.com/managing-marketing-during-the-coronavirus-crisis/

How Data Silos Spoil Marketing Harvests

Silos can be great for agricultural storage, but they spell trouble when we're talking about customer data trapped in company departmental and systems silos. Research shows the magnitude of the problem. For example, a recent blog post by Veriday, a digital marketing company, noted that more than 80% of marketers say data silos within marketing obscure a seamless view of campaigns and customers. And that doesn't even consider data trapped outside marketing in IT, sales, etc. In larger, older companies, many data silos result when outdated processes and separate information systems hamper linkages. Yet silos are not just a big-business issue given the average small business today is using 14.3 different systems, as the Veriday post points out. Yes, information can be transferred between silos via import/export or manual efforts, but this risks duplication, errors, delays, inconsistent hygiene and inaccurate updating--meaning poor immediate ROI and wasted future opportunities from an incomplete and inaccurate picture of customers, campaigns and channel results. In business-to-consumer marketing, data silo risks are growing more acute, stresses a Forbes magazine article by Denise Persson, CMO at Snowflake, a data warehouse firm. She cites Accenture survey results showing that, while the promise of a deal or discount was the top driver of customer loyalty last year, in 2017, 58% of customers find marketing programs that are highly tailored to their needs much more enticing. Marketers can embrace targeted, contextual approaches, but, Persson warns, if each marketing channel--website, social media, e-mail, online ads, direct mail--uses a different set of data to develop a different channel strategy, marketers will end up with a fragmented customer picture delivering a fragmented brand experience! Smart marketers will invest in solutions, such as third-party support, software for content management and marketing automation, and data warehousing. Meanwhile, a blog post by Ajay Gupta, founder of Stirista, a digital marketing agency, points out the myopia of failing to link business and consumer data, especially now that digital media is blurring the line between professional and personal lives. Gupta gives the example of a company that wants to market a personal electronic device by targeting a proven business prospect list with only B2B e-mail addresses. If the company enhances the prospects' B2B info with B2C data, it could expand its reach by sending out e-mails to B2C addresses, direct mail to home addresses, online display ads via digital cookies, plus targeted social media ads! Linking B2B and B2C data is also a great tool for onboarding and creating social media custom audiences, per Gupta. For more detail, see http://www.acculistusa.com/how-b2b-and-b2c-data-silos-spoil-marketing-harvests/