Marketing in the COVID-19 crisis
This article is part of a special WARC Snapshot focused on enabling brand marketers to re-strategise amid the unprecedented disruption caused by the novel coronavirus outbreak.
Why it matters
An advertising recession is forecast as a result of the COVID-19 pandemic, as brands trim their spending in response to an economic slowdown. Organizations that maintain their outlay, however, could be in an advantageous position once the recovery begins.
- There is a considerable body of research demonstrating that maintaining adspend during periods of financial distress has considerable benefits for brands when the recovery starts.
- Balancing short-term needs with a focus on the future can assist marketers in preparing for the recovery, whenever it arrives.
- A commitment to long-term measurement can help marketers truly gauge their return on investment, as the full impact of communications can often extend for several years.