Magazine article Marketing
Time to Adapt to 'Evolution by Consumer Selection'
Unilever chief marketing officer Keith Weed is to outline his vision for brand evolution at the Advertising Association's annual summit this week. Here, he explains what lies behind Unilever's strategy.
In a resource-constrained world, marketing plays a key role in driving social, economic and environmental progress. But we need to look at different models that can help us adapt to the change that consumers are driving - something I call 'evolution by consumer selection'.
Everywhere we look, we see the economic nightmare; yet marketing can help us meet this challenge. According to McKinsey, in the past 10 years the contribution that advertising made to GDP in the G20 countries is, on average, 10%-15% - maybe as much as 20%.
Survival of the fittest
This term is associated with Charles Darwin, but he apparently never used it. Darwin talked of 'evolution by natural selection'; the organisms best suited to their environment would be most likely to flourish. That is how I think about brands. Success will come to those that are most adaptable and stay indispensable to consumers' lives.
Looking beyond the economy at other big drivers
The first of these drivers is the shift of economic power to the East and South.
The centre of gravity is more New Delhi than New York. Second is sustainability - not just environment, but sustainability in every sense. Third is the impact of digital technology; the way in which it is changing consumers' lifestyles and behaviour.
Developments in ambient technology mean that computing won't be locked up in devices: it will be everywhere and in everything. By 2020, as much as two-thirds of digital data will pass through the cloud; all devices will be connected.
The consumer in charge
Driven by the rapid advances in social media, the individual citizen feels empowered to take action on his or her own behalf. This trend is set to accelerate rapidly in 2012. We should embrace it by moving from creating brands to curating them - developing an environment so consumers can truly 'live' these brands.
This is a different type of consumer engagement and requires different ways of working. …