MARKETER INTERVIEWS: Nestlé and NFL Discuss What’s Next in Marketing

What: We talked to Nestlé's Margie Bravo and NFL's Marissa Fernandez about what's next in marketing and how to prepare for what the future brings.
Why it matters: In what some are calling the fourth industrial revolution, new technologies like AI and VR are expected to dominate the marketing space. Marketers like Bravo and Fernandez agree that companies need to evolve to survive.

Even though technology has moved fast ever since the first industrial revolution, we are now living in times in which technological advancements are changing everything at an almost inconceivable pace. Scientists and economists like Klaus Schwab, founder of the World Economic Forum, have begun to call this moment in time the Fourth Industrial Revolution, which is fundamentally different from the previous three because, in Schwab's words, "new technologies are fusing the physical, digital and biological worlds, impacting all disciplines, economies and industries, and even challenging ideas about what it means to be human."

 

 

All this talk about digital disruption has marketers wondering exactly what this revolution will mean for the marketing industry. "Technology has changed consumer behavior as much as it has changed everything else. Shopping has become a social activity," writes Craig Thornton, VP, Business Mobility at Telus. "They hardly buy anything without first checking to see what previous purchasers have to say about it.  This level of research used to be reserved only for big-ticket items such as major appliances and cars, however now we google which toothbrush is best." As Thornton says, marketers need to change to face these dramatic changes. We asked two members of Portada's Brand Star Committee, Nestlé's Multicultural Marketing Champion Margie Bravo and NFL's Senior Director of Marketing and Fan Development Marissa Fernandez, to share their thoughts about what is next in marketing... and how to get ready.

Above Tech & Data, the Consumer Knows Best

It's no secret that for some people, and particularly for the world of marketing, technology has brought data as a sort of all-encompassing math God that could reportedly solve all of our consumer-related needs. "Technology is evolving quickly, the media landscape is becoming more complex, and we need to use data to learn about that and invest wisely," says NFL's Marissa Fernandez. "But ultimately I think that no different from brands that existed 20 or 50 years ago, brands that actually understand their consumer and are delivering an unmet need are gonna continue to win in the marketplace."

Everything lathers up to asking 'How can I create those opportunities for my consumers?'

As Nestlé's Margie Bravo points out, "It's been outstanding how much talk there is about data, how data is changing, and what you need to do with it." All over the world, but particularly in the U.S., "Now you have more diverse, more multicultural consumers, so [...] the idea of analytics, the idea of really having a good gage of what is happening, where is your growth coming from, what are the consumer behaviors that you need to take into consideration... Everything lathers up to asking 'How can I create those opportunities for my consumers?'"

Connecting the Digital and Multicultural Landscapes is Crucial

According to Margie Bravo, in the past, we didn't ask so much from data as we're doing now. Today, we try for that data to be informative and helpful in "finding those opportunities to maximize," comments Margie Bravo, but "maximizing" does not necessarily mean more sophisticated; as she says, "The more you simplify life, the more consumers also ask for more simple lives." And this simplicity takes us back to basics; as Marissa Fernandez explains, even though the landscape is getting more and more complex, "Not losing sight of who you are as a brand, what you stand for, and what needs you're delivering on... I think that will be a thread of truth."
Not losing sight of who you are as a brand, what you stand for, and what needs you're delivering on... I think that will be a thread of truth.
Moving into the future, Margie Bravo recommends to keep an eye on the following: 1) the multicultural landscape, 2) the digital landscape, and 3) how to "connect those two to build structures and accelerated growth opportunities for your brands, considering where your consumer is going." In the end, even though things move faster every day, the truly important remains the same: "If brands get too caught up in the complex landscape and how to reach their consumers and lose sight of [...] what we really are trying to do for them, they will probably lose out to those brands that have that core focus that's remained unchanged in marketing," predicts Marissa Fernandez.

 


Janet Grynberg @grynberg_janet

Janet has worked as editor and translator since 2013. After graduating with honors when receiving her Bachelor's Degree in English literature, she began working as a book reviewer for Expansión, the leading business magazine in Mexico. She has also worked as editor of young adult literature for publishing houses like Planeta and Penguin, and she's the author of a book of short stories. She's in the process of getting her MA in English at McGill University. Her interests include arts, good food, and her 8 pets.

MORE FROM PORTADA

Dentsu Aegis Network Acquires Agency Global Mind

Dentsu Aegis Network Acquires Agency Global Mind

This is the third Latin American acquisition this year after the Japanese giant acquired M8 and White Label in April. Global Mind will triple the headcount of iProspect and strengthen Dentsu Aegis' pan-regional reach. 


4 Truths and One Lie About Multicultural Marketing According to Mel Rodriguez & Co, Starcom, Walton Isaacson…

4 Truths and One Lie About Multicultural Marketing According to Mel Rodriguez & Co, Starcom, Walton Isaacson…

We talked to Melissa Rodriguez, Dana Bonkowski, Albert Thompson, and Teylez Perez about the future of brands in an increasingly multicultural world. Reports estimate that by 2065 Hispanics will account for one-quarter of U.S. population. Brands should be aware of this opportunity and find appropriate communication strategies.


IRI Reveals U.S. Hispanic Shoppers Spend US $94 Billion on CPG Products

IRI Reveals U.S. Hispanic Shoppers Spend US $94 Billion on CPG Products

IRI (Information Resources Inc.) has published the results of a new report revealing the most successful new product launches for Hispanics, as well as the top new natural brands for Hispanic shoppers. The Hispanic community is the fastest-growing ethnic group in the nation and spends more than US $94.7 billion on CPG products annually.