The Top Digital Trends for 2020: What Brands & Retailers Need to Know to Thrive in the Year Ahead - MMA Webinar Series January 14th, 2020 - Mobile ...
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The Top Digital Trends for 2020: What Brands & Retailers Need to Know to Thrive in the Year Ahead MMA Webinar Series January 14th, 2020
MMA is the Global Industry Trade Assoc. for Marketing Started in 2003; turned 1. Brazil around in 2013 2. Argentina 3. Mexico Marketer led; plus 4. U.S. media sellers, tech and agencies MMA MMA 5. 6. China Indonesia No. 7. India 800+ corp. members Amer. EMEA 8. Vietnam worldwide 9. UK MMA 10. France 55+ team worldwide 11. Spain APAC 12. Germany Operations in 15 countries MMA 13. Turkey 14. Middle East 25+ conferences in 15 LATAM 15. South Africa countries 2
MMA is (uniquely) the Whole Marketing Ecosystem MMA is only group that is “big tent” and global. Our programs bigger than just mobile Focus of Trade Groups Fundamentally, MMA is about defining the future of Marketers marketing, & then marching the industry in that direction Components of Successful Trade Group Enabling Agencies 1. Great Governance Tech a. Board mix & leadership 2. Must Attend Events 3. Great Initiatives 1. Fewer bigger programs Media Sellers & Platforms 3
MMA’s Purpose WHO (The People We Serve): Prime Audience: Pioneering Chief Marketers WHY (Our Reason for Being): Purpose: To enable marketers to drive innovation and enduring business value in an increasingly dynamic and mobile-connected world. WHAT (Our Strategic Priorities): 1. Measurement & Business Impact: Drive marketing effectiveness and the future of measurement for sustainable business growth 2. Marketer Org Development: Redefine marketing organization dynamics and future capabilities needed in a data and device connected world 3. Inspiration: Lead marketing innovation and creative effectiveness/impact for mobile and emerging technologies 4. Advocacy: Establish standards and self-regulatory guidelines to improve consumer trust and confidence in marketing and connected devices 4
MMA RESHAPING THE FUTURE OF MARKETING MOSTT SMoX MATT Marketing Attribution SAVE Marketing Org Structure Think Mobile ROI Research Think Tank Future of Brand Safety Council Tank Guidelines & Best Practices Industry Working Groups CEO & CMO Summit Viewability, Location, Native 20 MMA Events in 15 Countries Driving the Future of Mobile Annual Mobile Think Tank and more MM25 Marketer Peer Group Shared Knowledge of 800+ Members SMARTIES 1,000+ Mobile Case Studies Tackling Core Issues for Awarding Best in Class Mobile From the Entire Mobile Ecosystem Inspiring Creative Innovation Marketers Worldwide Campaigns 7
PRESENTERS MODERATOR Dr. Stephen Kraus Joe McDonnell Leo Scullin Head of Digital Insights Global Head of Insights VP of Industry Programs Jumpshot WGSN Mobile Marketing Association Steve.Kraus@jumpshot.com Joe.McDonnell@wgsn.com leo@mmaglobal.com
Top Trends for 2020 & Beyond What Brands and Retailers Need to Know to Thrive in the Years Ahead #DigitalTrends 2020
Today’s Agenda • Welcome: Introducing Ourselves (& our insights) • 2019 Year-In-Review: A Highly Selective & Slightly Silly Look • 2020 Trends: Society, Home, Lifestyle • 2020 Trends: Tech & Commerce • 2020 Marketing: Leveraging Opportunities © 2020 Jumpshot Inc. #DigitalTrends2020
Today’s Hosts: Two Insights Pros & a Roman God Stephen Kraus Joe McDonnell Janus Roman God Head of Digital Insights Global Head of Insight Two-Headed Visionary Behavioral Data Fiend, Adman Turned Trend Forecaster God of Beginnings, Endings, Harvard Ph.D., Author, Psychographic Focus Time, Duality, Transitions Hacky Comedian Cycling Enthusiast and Doorways #DigitalTrends2020
Jumpshot: Every Search, Click & Buy. On Every Site. Accurate Comprehensive Actionable Make confident Consumer and Insights specific decisions with competitive insights to your category accuracy across the Internet & brand 10s of Millions of Panelists 1,500+ Websites 1M Brands 5B Clicks Per Day 600+ Retailers 1,615 Categories 188 Countries 300M Shopping Events #DigitalTrends2020 As of 12/15/19
WGSN WGSN creds slide Pklaceholder WGSN CREDS SLIDE We are WGSN, the global authority on consumer and design trends, helping brands across the globe create the right products at the right time for tomorrow's consumer.
It starts with understanding the consumer
Insight Fashion Beauty Lifestyle & Mindset Interiors Consumer Insights, Creative Direction, New Product Development Creative Direction, Business Strategy Retail Strategy, Marketing Design, Category Buying Category Management Experience Design, Retail and Marketing Direction Brand Management Packaging Design, Category Buying Creative Direction 15
Did you know… Blade Runner was set in 2019? A Brief Look Back: The 2019 Year-in-Review © 2020 Jumpshot Inc.
2019: The Year In Search Top Trending Top 2019 2019 Search Search Terms on Terms on Top 2019 Search Terms on Google Google Amazon hurricane dorian nintendo switch disney plus laptop avengers endgame wireless earbuds cameron boyce airpods nipsey hussle headphones jeffrey epstein ipad game of thrones fire stick fitbit wizard of oz air fryer bmw roku doordash tablet stranger things bluetooth headphones astros ssd popeyes kindle peloton gaming chair snake tv jeffree star instant pot snake game micro sd card carvana toilet paper clima game of thrones © 2020 Jumpshot Inc. Source: Google; Jumpshot #DigitalTrends2020
How Consumers Looked at 2019 © 2020 Jumpshot Inc.
U.S. Equities Hit New Highs Despite Economic Anxiety Dow Jones Industrial Average (DJIA; past DJIA 100 years) 2019 #DigitalTrends2020
Triple-Whammy Drove a Strong Holiday Season Consumer Confidence at a 10-Year High ↑ Consumer spending ↑ eCommerce growth ↑ Retail holiday impact #DigitalTrends2020
eCommerce Accelerating, with Plenty of Room To Grow eCommerce Growth Hits Seven-Year High ↑ Consumer spending 200,000 +17.6% eCommerce Growth 150,000 ↑ eCommerce growth 100,000 eCommerce Sales ($ millions, by quarter) 50,000 ↑ Retail holiday impact 0 2001 2009 2019 Only 11% of retail sales are online. #DigitalTrends Source: Jumpshot analysis of Commerce Dept data
The “Cyber 5 Boost” Hits a New High The “Cyber 5 Lift” Hits a New High ↑ Consumer spending 500% 2017 2018 2019 400% 326% 300% ↑ eCommerce growth 200% 100% ↑ Retail holiday impact 0% Thanksgiving Black Friday Black Saturday Black Sunday Cyber Monday Total of Cyber 5 Average US daily Internet purchases during Cyber 5 vs. Q3; no change = 0%. Across 38 major retailers. #DigitalTrends
Anxiety & Uncertainty Underlie Economic Confidence While 69 percent of Americans say they are satisfied with their overall financial situation today, a majority — 56 percent — also say they feel “anxious and uncertain because the economy still feels rocky and unpredictable.” NBC News poll #DigitalTrends2020
2020 Trends: Society, Home, Lifestyle As we enter the second decade of the second millennium we find ourselves in a world that is unpredictable and changing daily, challenging the learned logic of conventional science and culture
Broad Socio-Economic Trends 2020 Global Power Shift Aging Populations Climate Emergency New Economics The global power balance is shifting as According to the WHO, the number of Climate adaptability is no longer a strategy; The unregulated markets shaping the Western countries begin to lose their grip people aged 60+ will outnumber children it's a critical consideration for long-term global economy have also led to the and influence on global trade. New under five years old by 2020. Companies growth, as consumers prioritise conscious degradation of local communities and nationalism, alternative trade routes and should look at ageing as an avenue to consumption, conscious commuting and natural resources. Post-growth economics digital leapfrogging are tilting the influence explore an exciting new life stage, rather conscious corporate care. are seeing higher value placed on social axis from West to East. than perceiving it as life-limiting. good over economic growth, and consumer demand for corporate and personal initiatives that prioritise the environment and wellbeing. © 2020 Jumpshot Inc. #DigitalTrends2020
Key Societal Trends: Aging, Intimacy, Touch-and-Feel Balancing Age Creating Intimacy The Tactile Internet "While we can all expect to live We’re beginning to enter the longer than previous generations, Human engagement will come to tactile realm - we will not only see we must be attuned to the fact the fore in an era beset by social and hear virtual experiences, but that the ageing experience is fragmentation, the loss of public feel them as well, as haptic incredibly diverse." space, rising screen time and technologies help us navigate - Sarah Douglas, director, The increasing isolation through increasingly mixed-reality Liminal Space worlds © 2020 Jumpshot Inc. #DigitalTrends2020
Key Societal Trends: Seeking Security, Contentment Survival mode De-Materialisation in an era of natural and man-made As mindsets shift to prioritise social disasters, adaptable and solution- and good over economic growth, 2022 based products will be built for will see the rise of limitarianism, and a survival, protection and support questioning of what ‘enough’ looks like © 2020 Jumpshot Inc. #DigitalTrends2020
2020 Trends: Tech & Commerce © 2020 Jumpshot Inc.
Retail Trends 2020 Renting Social Transformation Serving the Hyperlocal Responsibility Of Retail Underserved Square Footage © 2020 Jumpshot Inc. #DigitalTrends2020
2019 Obviously Another Tough Year for Brick-and-Mortar NBC 2019 Bankruptcies © 2020 Jumpshot Inc. #DigitalTrends2020
Amazon Dominating, Diversifying 2,000 1,500 8.4% Conversion rate 11% Of page views are sponsored 27% YOY growth of owned brands # of online 54% Of product search 1,000 transactions (2019; in millions) 500 0 -35% 0% 35% 2019 YOY Growth #DigitalTrends2020 The 2019 Jumpshot eCommerce 25
Walmart Growing in Amazon’s Shadow 150 • #2 in most categories; #1 during Cyber 5 100 • Strengths: grocery, home, electronics • No 3P marketplace = more pricing power # of online transactions (2019; in millions) • Lags Amazon in CVR, sponsored listings 50 0 -35% 0% 35% 2019 YOY Growth The 2019 Jumpshot eCommerce 25; #DigitalTrends2020 Amazon & ebay removed
Also Rising: Etsy, Omnichannel, & Digital Pure-Plays 50 # of online transactions 25 (2019; in millions) 0 -35% 0% 35% 2019 YOY Growth The 2019 Jumpshot eCommerce 25; #DigitalTrends2020 Amazon, ebay & Walmart removed
Marketing 2020 © 2020 Jumpshot Inc.
Marketing 2020 Trends 5G Goes Social Influence Becomes Mainstream Gets Closer Conscientious #DigitalTrends2020
Influencers & the Transaction-Based Ecosystem From WGSN’s Future Consumer 2021 Report 80MM 2.7% 75% product views on Average of purchases Amazon from Top conversion rate did not come Headline from PBS 1,000 YouTube (vs. 0.5% from via the influencers in 2018 YouTube ads) influencer’s link #DigitalTrends2020
Summing Up… © 2020 Jumpshot Inc.
CES Wrap-Up: What Tech Is Ready to Cross the Chasm? • Foldables: TVs, laptops, phones • Apple: Airplay support for smart TVs • Food: Impossible Burger 2.0, Impossible Pork • Home: Google/Alexa powered devices, Linksys Wellness Pods • Skincare: L’Oreal’s Perso combines AR, AI, personalization, elegant design • VR: Oculus Quest (wireless, $399), HTC Vive Pro Eye (visual menu navigation) © 2020 Jumpshot Inc.
Dr. K’s Top Take-Aways • Dominators keep rising: Success means carving out territory you can own (marketplace niche, market segment, retail holiday, etc.) • Generations moving into new lifestages = opportunity (e.g., Millennials driving Chewy & Wayfair success) • The New Data Imperative: Competitive intelligence, consumer insight, & marketplace mapping more important than ever • Transaction-based ecosystem: Digital advertising shifts from views to purchases © 2020 Jumpshot Inc. #DigitalTrends2020
Dr. K’s Top 10 Predictions for 2020 1. Consumer Demand (& all things digital) Keep Rising 2. The Retail Paradox Intensifies: More Stores Will Close, but Omni-Channel Accelerates 3. Grocery Shake-Up: Amazon Simplifies Offerings to Fend Off Walmart’s Growth 4. Amazon Wins the “Shipping Wars”: “CRaP” Reversal and “Lifestyle Integration” 5. “Retail Media” Goes Mainstream: Sponsored Listings Will Hit New Highs 6. Brand-Retail Innovation: New Models, a la Target-DTC Partnerships 7. Google Becomes the New AOL: No-Click Searches Hit New Highs 8. Digital Travel Disruption: Google Hotels Continues Reshaping the Travel Ecosystem 9. Buying Growth: Paid Click-Through Rates Hit New Highs 10. Hulu Pulls Ahead in the Streaming Wars: Disney Flexes, While Netflix Dwindles © 2020 Jumpshot Inc. #DigitalTrends2020
WGSN White Papers WGSN creds slide Pklaceholder WGSN CREDS SLIDE Future Consumer 2021: http://bit.ly/fc2021wgsn Gen X: http://bit.ly/genxwgsn Gen Z: http://bit.ly/genzwgsn
Questions Every search. Every click. Every buy. On every site. ? Jumpshot delivers digital intelligence from within the Internet's most valuable walled gardens. Our global panel helps brands understand consumer trends and digital journeys. Stephen Kraus Joe McDonnell Head of Digital Insights Global Head of Insight Steve.Kraus@Jumpshot.com Joe.McDonnell@wgsn.com WGSN is the world’s leading trend authority for creative thinkers in over 94 countries. Our services cover consumer insights, fashion and lifestyle forecasting, data analytics, crowd-sourced design validation and expert advisory services.
PRESENTERS MODERATOR Q&A Dr. Stephen Kraus Head of Digital Insights Jumpshot Joe McDonnell Head of Insights WGSN Leo Scullin VP of Industry Programs Mobile Marketing Association Steve.Kraus@jumpshot.com Joe.McDonnell@wgsn.com leo@mmaglobal.com
#ShapeTheFuture® with the MMA UPCOMING MMA WEBINARS UPCOMING MMA EVENTS The 2020 State of Mobile for Marketers Tuesday, February 25th DATA Unplugged: Future of Data in Marketing April 1, 2020 Sponsored by: App Annie New York City MATT Unplugged: Future of Attribution May 5, 2020 New York City IMPACT: Build The Future May 18 – 19, 2020 New York City MOSTT Unplugged: Future of Marketing Organization Design June 9, 2020 New York City 44 www.mmaglobal.com/webinars http://www.mmaglobal.com/events
MMA PROGRAMS & INITIATIVES Currency Internet of Location Mobile Mobile Measurement Things Games Messaging Mobile Native Mobile Mobile Shopper Mobile Privacy Advertising Programmatic Marketing Video 45
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