How To Drive Profits Through Untapped Markets During A Recession.
ClickThrough's Head of International, Alison Booth, tells us how to increase your profits through untapped markets during a recession.
Read moreClickThrough's Head of International Marketing is back with another roundup of the global news stories you need to know about. From the success of Adidas' Chinese New Year campaign to US adults spending more time consuming digital media, read more.
What's new, important and interesting in the world of international marketing? This week we look at why Adidas’ 2021 Chinese New Year campaign was so successful, the rise in engagement with digital media throughout lockdown in the US, development plans for social networking app, Clubhouse, an evaluation of potential changes required to increase the uptake of Reels, a shift to EU warehousing for UK to EU exporters and a summary of the current challenges restricting UK-US trade.
Jing Daily highlight the key features of the Make Auspicious CNY Wishes Come True campaign to portray how Adidas achieved such success:
eMarketer have found that US adults spent 7 hours 50 mins a day consuming digital media in 2020 vs. 6 hours 49 mins in 2019. This accounted for 57% of time spent consuming media, which is set to increase to 60.2% by 2022.
Social network time increased by 11 minutes per day up from 56 minutes in 2019.
Smartphone digital time raced beyond 3 hours to 3:13 in 2020 – a huge upswing from 2:45 in 2019.
Time spent engaging with digital media is estimated to increase beyond 8 hours in 2022.
TechCrunch investigates plans for additional funding for audio-based social networking app, Clubhouse, encompassing a “Creator Grant Program” to enable new creators to get a foothold on the platform.
The Verge evaluate the enhancement opportunities Reels have to improve services for its users. There is a lack of differentiation of video format output unlike TikTok, which offers creative tools like filters and effects to facilitate new video meme formats.
Head of Instagram, Adam Mosseri, is keen to provide people who make content for a living the tools to create truly engaging video content. He went on to outline his concerns that users struggle to differentiate between videos posted to Instagram and IGTV, indicating a need to consolidate and simplify ideas, which is a complete turnaround from initial statements that Reels could be the “future of video”.
The Institute of Export & International Trade outlines a popular resolution to ease customs and tax administration for British firms through opening warehouses in the EU with the Netherlands seemingly a mecca to seek to resolve the current challenges.
The drinks industry is seeking for the Airbus-Boeing dispute to be resolved to ensure the heavy tariff on Scotch can be dropped.
The Institute of Export & International Trade raise awareness of the plight small UK and US companies face to continue their transatlantic trade.
The ‘Making A Difference’ report produced by the British-American Business (BAB) trade association identified three priority areas to be addressed:
If you want to discuss any of the stories included in this week's international marketing roundup, book in a conversation with us today.
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