14 March 2012 - 9:57am | posted by | 0 comments

Global marketing budgets shift to emerging markets

WFAWFA

Global marketing budgets are shifting to emerging markets but the US remains an important influence on the industry, according to new research.

The survey by the World Federation of Advertisers found that 60% of its members are shifting budget to focus on new markets for growth. Nearly 95% think future growth will come from outside the US.

Based on 65 responses from marketers representing nearly $40bn in global ad spend, the survey found that marketing best practice is increasingly found outside the US.

More than 71% of global marketers think that some of the best work is now developed in other markets.

And global marketers were critical about the amount of attention being paid by US marketers to what happens beyond their shores. 48.6% pay some attention to what’s going on in the US while 40.5% of marketers pay a lot of attention.

Stephan Loerke, managing director of the World Federation of Advertisers, said: "While the US remains a beacon of best practice, notably in social media, marketers are now seeking ideas from right around the globe.

"Our survey results highlight the emergence of a new multi-polar world for marketers where best practice can occur in almost any market and where the smartest ideas should be imported and exported around the world."

Be the first to comment on this article: sign in or register.

Latest Projects from the Profile Hub

Malibu - creating the perfect brand moment to enhance engagement

17/12/2014
The challenge How do you change customers’ perception of...

Driving Sales From Social During Black Friday

16/12/2014
The craze of Black Friday crossed the pond and hit the UK...

BREACH: LETS JACK

16/12/2014
‘Jack’ – the infectious track by British producer Breach...

Launching the Seasonal Cities App

15/12/2014
In Q3 2014 Rooster was tasked with launching the new travel...

Helping a new fitness brand get into shape

12/12/2014
A new concept in gym fitness is being developed and we’re...