Business Guide - brought to you by APL Media • Wednesday 15 February 2023
Design, branding & marketing • 17 ADVERTISEMENT FEATURE
MEMBERS OF THE CONTINUOUS TEAM DURING A THINK TANK SESSION WITH PRIMARK How to stand out in a recession
Brand agency, Continuous, whose clients have ranged from Primark to Innocent, on the one opportunity most brands miss during times of financial crisis
Post-pandemic aſtershocks have created a world where, for brands and consumers alike, unpredictable change is the new normal. The snowballing effect of the cost-of- living crisis, inflation, the recession and other factors, have forced the consumer market into free fall. Still in recovery mode, brands
— desperately trying to find their way back to where they were pre-pandemic — are slashing sales and marketing costs with hopes of weathering the storm and minimising damage. But to Continuous — a small
brand agency with a history of helping cross-industry giants including Primark, Innocent Drinks, Ideal Standard and Chaos — there’s a better route. Continuous believes that to find a way forward, brands need agility, creativity and long-term thinking. In order to increase brand prosperity and
Investing in your brand during a recession will lead to an excess share of voice, which in turn leads to growth
strengthen emotional connections with consumers, brands don’t need radical transformation — they need to learn how to adapt, quickly. But adapting is easier said than
done. One of the most difficult tasks brands face in the current climate is reacting to change. It’s far too easy to keep our heads below the parapet and continue with what we’ve been doing for decades – regardless of if these methods are translating well in the current market. But the reality is, brands that
choose to invest now, that evolve in the face of change, and that
boldly embrace the opportunities created during times of uncertainty, put themselves in a far more advantageous position than the brands that don’t. For example, as previously stated, this year, thousands of businesses have cut their sales and marketing budgets in an attempt to ride out the recession. But the fact is, investing in your
brand during a recession will lead to an excess share of voice, which in turn leads to growth in market share. This strategy has repeatedly
proved to be successful throughout previous recessions. And although it seems like common sense, many brands focus on the challenge and miss the opportunity. In the 1920s, advertising executive
Roland S Vaile reported in the Harvard Business Review of 1927 that companies that had continued to advertise during the recession were 20% ahead of where they were before it started. And this pattern continued
throughout future decades. A MarketSense study in the 1990s concluded that the best strategy during a recession was long-term brand building combined with promotion for short-term sales. It referenced food and drinks
brands that experienced sales growth of up to 70% aſter increasing advertising activity during the economic downturn. And following the last recession
A REBRAND FOR RENDERING TECHNOLOGY GIANT, CHAOS
of 2007 to 2009, in the Harvard Business Review’s How to Market in a Downturn, it was declared that
PRIMARK’S GLOBAL CHRISTMAS CAMPAIGN (PHOTO CREDIT RICKY NARITO)
slashing ‘marketing expenditures in areas from communications to research’ during a recession would be a ‘mistake’. Helping brands to react to change
and take advantage of, oſten, missed opportunities especially during a global crisis, is where Continuous’ team of creative problem solvers comes in. Their approach — long- term brand building and short-term activation fuelled with limitless creativity and reactive strategy. Their history — backed by 25 years of industry experience from parent company, Uniform Group. For this agency and its long list
of cross-sector clients, shying away from the challenge isn’t an option. Radically transforming your brand
For further information
E:
enquiries@wearecontinuous.net W:
wearecontinuous.net
Adapt quickly, think long-term and — the opportunity that most brands miss — invest in building your brand
isn’t necessary. And failing to react to change is an avoidable obstruction to growth. Instead, Continuous’ message for businesses finding their way through the recession is simple. Adapt quickly, think long-term and — the opportunity that most brands miss — invest in building your brand before your moment to stand out in a market where most brands are standing down, disappears.
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