February 22, 2012
After a difficult 2011, how is 2012 shaping up for marketers?
With this week’s much-heralded return of the Dow Jones Industrial Index to the psychologically-important level of 13,000 for the first time since 2008, it seems there is much to be optimistic about in this slowly-recovering economy as we move deeper into 2012. But will such optimism translate into increased consumer confidence, giving marketers something to get excited about after having a rough go of it in 2011?
If recent announcements by some of the biggest spenders on advertising and marketing are any indication, it seems the advertising and marketing world is betting on a resurgence in consumer confidence and — much more importantly — consumer spending.
Coca-Cola, Kraft Foods, PepsiCo, Procter & Gamble, Reckitt Benckiser and Unilever have all announced plans to make significant increases in their respective advertising and marketing budgets this year, by as much as 60% over 2011 spending levels in Reckitt Benckiser’s case.
Perhaps even more noteworthy are plans by Kraft Foods and General Mills to hold the line on advertising and marketing budgets, even in the face of steeply rising commodity costs.
Whether such increased investment in advertising and marketing pays off for these companies is yet to be seen, and rising gas prices could quickly become one of the main unforeseen pressures on consumer spending levels. In any case, increased advertising and marketing budgets are always a welcome change for those of us in the industry.
Read more at AdAge and The New York Times.




