Future of Strategy 2022: vital skills and worrying shortages

WARC’s Future of Strategy survey finds that, in a tumultuous world, strategists continue to gain influence, but talent shortages are a major concern for the profession. Here’s what you need to know.

Why it matters

From the COVID crisis through to today’s economic environment, uncertainty necessitates strategists.

Strategists’ generalist abilities stand out, as the report describes clients in need of professionals that can simplify, integrate, think big-picture, and address issues outside traditional marketing and move into new areas like responses to climate change. 

You can read the full report here.

Method

These findings are based on the tenth edition of the annual study, taking in responses from over 700 client- and agency-side strategists, as well as 12 in-depth interviews with strategy leaders.

The report examines “how strategy careers are evolving, the biggest topics impacting the function and what strategists need to do to meet high client expectations in an uncertain world”, explains Anna Hamill, Senior Editor - Brands, WARC.

Five ideas you need to know

1. Tumult keeps strategists in demand. Though the pandemic might have ended, the upheaval has not. Respondents feel optimistic about the value and influence they can bring both to their clients and agencies.
   
   
2. Agencies struggle in talent war against deep-pocketed competitors. Continuing a years-long trend, but with additional urgency, 46% of strategists are concerned about being able to find the right talent at a time when a majority (57%) report that they plan to hire to fill current gaps. Just 30% expect their next strategy role to be in an agency.
   
   
3. Thinking beyond marketing and about the business’s performance. Versus last year, 49% of strategists report working on upstream business problems with their clients as the discipline’s biggest opportunity – a ten percentage point increase on 2021’s results. But other questions are being asked too: a significant majority of strategists expect sustainability (82%) and DEI considerations (70%) to be more visible in client marketing strategies and briefs.
   
   
4. Strategists brace for cost-of-living crisis. Eighty-six percent of respondents anticipate the cost-of-living crisis will have a significant or transformative impact in the next year and 69% believe that it will be at the centre of marketing communications. However, the extent of concern depends on the region. In North America – which has a more optimistic mid-term economic outlook than Europe – just 50% of respondents believe that cost-of-living concerns will be more visible in client briefs, compared to 79% in Europe and 69% in APAC.
   
   
5. Diversity, equity, and inclusion needs work. Both at a client and at an agency level, challenges remain in this area with agencies continuing to lack internal diversity while clients struggle to deliver DEI agendas.
   

Go further

Expert commentary from leading strategists, who include Joyce Ling of Wunderman Thompson China, Aki Spicer of Leo Burnett Chicago, Anush Prabhu of MediaCom, James Honda-Pinder of We Are Social, Mehak Jaini of 22feet Tribal Worldwide, Eunice Tan of The Secret Little Agency and Nick Myers of OLIVER Agency, is available to read here.

The full Future of Strategy 2022 report which includes quantitative and qualitative data analysis and advice, is available to WARC subscribers.

A Future of Strategy podcast will be released mid-October.