P&G: Brand ‘fundamentals’ are what will drive success in the era of AI
Niamh CarrollAI could radically alter how brands are chosen by consumers, but P&G’s CFO is confident of the company’s ability to adapt to this new dynamic.
AI could radically alter how brands are chosen by consumers, but P&G’s CFO is confident of the company’s ability to adapt to this new dynamic.
In its highly penetrated categories, P&G looks to find solutions to consumer pain points and resolutions to their “coping strategies” to drive growth.
In addition to headliners Mary Portas OBE and Matthew Syed, delegates can expect to hear from marketing heavyweights from brands including Coca-Cola, Monzo, PwC and more at this year’s Festival.
The former brand manager will take over from outgoing CEO Jon Moeller on 1 January and is expected to continue the brand’s innovation-led growth strategy.
You can build trusted brands in a volatile world by knowing your customers, falling in love with the craft and investing in “brain science”, says the P&G boss.
The FMCG giant says it will invest in innovation and maintain advertising spend in response to economic “volatility”.
The FMCG giant claims it ads are being tested and optimised in days versus weeks – and at a tenth of the cost – thanks to AI.
Innovation is the “primary enabler” of pricing for the consumer goods giant and remains a crucial component of its business growth despite being flat in its most recent quarter.
With many category-leading brands like Fairy, Ariel and Pampers in its portfolio, growing categories is vital for Procter & Gamble. The company combines consumer insight, innovation, advertising and distribution to grow its highly penetrated brands and their respective markets.
Procter & Gamble’s chief financial officer hailed the company’s pipeline for innovation, expressing confidence that this would help its market-leading brands grow categories, regardless of the economic situation.
Procter & Gamble Europe chief brand officer Taide Guajardo will work alongside Boots CMO Pete Markey, who was appointed ISBA president last month.
As P&G makes a “meaningful” increase to marketing spend, its leadership seeks to reassure investors it is both efficient and effective in driving growth for the business.
The FMCG giant’s chief brand officer warned against embracing technology at the expense of human creativity – and encouraged marketers to find the creativity in the everyday.
P&G is seeking to grow the categories it operates in as it pursues volume growth, utilising its increased marketing spend to do so.
P&G is aiming to build its brands and the categories in which they operate through meaningful innovation, CEO Jon Moeller says.
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