WEBVTT 1 00:00:00.333 --> 00:00:01.793 - Adam, Gary, welcome. 2 00:00:01.793 --> 00:00:03.169 Gary, to you first. 3 00:00:03.169 --> 00:00:04.838 Why is branding so important 4 00:00:04.838 --> 00:00:06.840 when particularly, marketing budgets 5 00:00:06.840 --> 00:00:08.633 are at risk all being cut? 6 00:00:08.633 --> 00:00:10.719 - Yeah, as CMO, US hygiene at record. 7 00:00:10.719 --> 00:00:12.470 I mean, I can't say enough about branding. 8 00:00:12.470 --> 00:00:15.015 I'm a brand guy at heart and it's who I am 9 00:00:15.015 --> 00:00:16.599 and you need to build brands. 10 00:00:16.599 --> 00:00:18.393 I mean, Lysol is one of our top brands 11 00:00:18.393 --> 00:00:20.979 is the number one disinfection brand 12 00:00:20.979 --> 00:00:23.189 in the US and you only get to be that 13 00:00:23.189 --> 00:00:25.817 because you've built brand mental availability 14 00:00:25.817 --> 00:00:27.110 in the disinfection space. 15 00:00:27.110 --> 00:00:30.697 Over time, throughout COVID, we invested in the brand 16 00:00:30.697 --> 00:00:32.782 now we're continuing to invest in the brand. 17 00:00:32.782 --> 00:00:36.327 It's how people simplify their decision making 18 00:00:36.327 --> 00:00:39.247 and brands are important and matter for that reason. 19 00:00:39.247 --> 00:00:41.624 - Yeah, I couldn't agree more with what Gary said. 20 00:00:41.624 --> 00:00:43.752 And you know, at Google, you know, we see this trade off 21 00:00:43.752 --> 00:00:45.754 we see this happen with marketers at times, you know 22 00:00:45.754 --> 00:00:48.131 whether it was, you know, certainly during the pandemic 23 00:00:48.131 --> 00:00:49.883 or other times where things are a bit more uncertain 24 00:00:49.883 --> 00:00:51.634 where the brand 25 00:00:51.634 --> 00:00:54.095 the brand budget is the first one that goes 26 00:00:54.095 --> 00:00:56.639 and I think it was the BCG work that really brought it 27 00:00:56.639 --> 00:00:58.391 to light and all of the statistics 28 00:00:58.391 --> 00:01:00.393 that supports what actually happens 29 00:01:00.393 --> 00:01:03.897 when that investment goes away. 30 00:01:03.897 --> 00:01:05.732 The thing that struck me the most 31 00:01:05.732 --> 00:01:07.317 and I think it was really interesting, was that there was 32 00:01:07.317 --> 00:01:10.153 about a point of share loss that comes with that. 33 00:01:10.153 --> 00:01:12.280 And for every dollar you didn't invest 34 00:01:12.280 --> 00:01:15.825 you were going to need to invest a 1.85 to get it back. 35 00:01:15.825 --> 00:01:16.951 And to me, that just brought it home. 36 00:01:16.951 --> 00:01:18.787 And we've talked with a lot of partners about this 37 00:01:18.787 --> 00:01:21.164 especially when they're trying to weigh that decision of 38 00:01:21.164 --> 00:01:23.833 you know, do we just cut brand and really invest 39 00:01:23.833 --> 00:01:26.503 in lower funnel tactics or how far do we cut back overall? 40 00:01:26.503 --> 00:01:28.421 - Yeah, and I'd absolutely just build on that. 41 00:01:28.421 --> 00:01:31.049 If I may, like, I'd also say I've seen brands that aren't 42 00:01:31.049 --> 00:01:33.343 the strongest in a category that I've had as well 43 00:01:33.343 --> 00:01:37.263 where when you divest from the brand building exactly 44 00:01:37.263 --> 00:01:39.432 at that point, you just see the drop off 45 00:01:39.432 --> 00:01:42.060 you see the immediacy within the first quarter 46 00:01:42.060 --> 00:01:44.938 of not spending and the impact on your sales and 47 00:01:44.938 --> 00:01:47.273 and that just takes longer to get back. 48 00:01:47.273 --> 00:01:48.191 - So give me some examples. 49 00:01:48.191 --> 00:01:50.985 Adam, what are some best branding practices 50 00:01:50.985 --> 00:01:51.945 that you're seeing at the moment? 51 00:01:51.945 --> 00:01:53.947 - Yeah, I mean, look, I'll point 52 00:01:53.947 --> 00:01:55.532 to something that's perhaps not a branding practice. 53 00:01:55.532 --> 00:01:57.158 I'll refer to my friend here to talk about the 54 00:01:57.158 --> 00:02:00.495 the best branding practices, just the importance 55 00:02:00.495 --> 00:02:03.289 of measurement, full stop, and really being integrated 56 00:02:03.289 --> 00:02:05.208 with your measurement across your business. 57 00:02:05.208 --> 00:02:09.003 I think the best in class example right now 58 00:02:09.003 --> 00:02:10.672 that we continue to advocate 59 00:02:10.672 --> 00:02:13.925 and work with our partners for are around learning agendas 60 00:02:13.925 --> 00:02:16.302 and the importance of experimentation. 61 00:02:16.302 --> 00:02:17.428 You know, so many times the 62 00:02:17.428 --> 00:02:19.055 the data that we get back on marketing 63 00:02:19.055 --> 00:02:22.684 if we're relying on our MMMs is dated and it's not current. 64 00:02:22.684 --> 00:02:24.435 And experimentation gives us that view 65 00:02:24.435 --> 00:02:26.146 into what's happening now. 66 00:02:26.146 --> 00:02:29.774 And consumers are nimble, media continues to change and 67 00:02:29.774 --> 00:02:33.945 as a result of that, having a healthy and robust appetite 68 00:02:33.945 --> 00:02:36.072 for experimentation and literally this is one 69 00:02:36.072 --> 00:02:37.407 of those things where it's almost the more 70 00:02:37.407 --> 00:02:39.784 the better you start to see that it's like 15 71 00:02:39.784 --> 00:02:42.036 or more experiments are really what gets you 72 00:02:42.036 --> 00:02:43.788 to the best results and the most impacts. 73 00:02:43.788 --> 00:02:45.165 So best in class work 74 00:02:45.165 --> 00:02:47.167 for us really is about measuring effectively 75 00:02:47.167 --> 00:02:49.335 and thinking about the importance of experimentation. 76 00:02:49.335 --> 00:02:50.837 - I mean, for me it's about 77 00:02:50.837 --> 00:02:53.923 the marriage of, data's our friend 78 00:02:53.923 --> 00:02:55.592 and we need all the measurement in the world 79 00:02:55.592 --> 00:02:58.219 and we need all the data to drive insights as well. 80 00:02:58.219 --> 00:02:59.804 You need the product efficacy 81 00:02:59.804 --> 00:03:01.806 from a consumer packaged goods standpoint 82 00:03:01.806 --> 00:03:03.141 that you're delivering in the world 83 00:03:03.141 --> 00:03:05.310 and you need to know why you're existing 84 00:03:05.310 --> 00:03:08.021 in the world and product plus your purpose in the world. 85 00:03:08.021 --> 00:03:09.898 If I think about Lysol and breaking the chain 86 00:03:09.898 --> 00:03:11.774 of infection as our higher order purpose 87 00:03:11.774 --> 00:03:14.235 we only do that through the benefit of our product. 88 00:03:14.235 --> 00:03:16.779 Now, how we tell our stories, how we connect 89 00:03:16.779 --> 00:03:20.116 with the right audiences and consumers, leveraging data 90 00:03:20.116 --> 00:03:22.827 and tech is our friend to do that 91 00:03:22.827 --> 00:03:24.495 and get that message out in the world. 92 00:03:24.495 --> 00:03:25.788 - There are lots of challenges at the moment 93 00:03:25.788 --> 00:03:28.082 but you are a branding guy, you're super excited. 94 00:03:28.082 --> 00:03:30.210 So I imagine there's lots you're looking forward 95 00:03:30.210 --> 00:03:31.628 to in the future. 96 00:03:31.628 --> 00:03:32.462 - Yeah 97 00:03:32.462 --> 00:03:33.296 You know, for me, 98 00:03:33.296 --> 00:03:35.798 I am really excited about what all the changes 99 00:03:35.798 --> 00:03:37.842 in marketing mean in terms of org design. 100 00:03:37.842 --> 00:03:40.094 I've recently set up a new org design where I'm breaking 101 00:03:40.094 --> 00:03:42.555 down our own silos to better connect 102 00:03:42.555 --> 00:03:43.514 with people in the world 103 00:03:43.514 --> 00:03:47.644 so that the full funnel media investment strategies 104 00:03:47.644 --> 00:03:48.895 whether it's upper funnel 105 00:03:48.895 --> 00:03:51.189 which is so critical to building brands health 106 00:03:51.189 --> 00:03:53.816 for the long term or performance driven marketing 107 00:03:53.816 --> 00:03:55.902 and retail media are connected. 108 00:03:55.902 --> 00:03:58.446 And that we're thinking about the investment strategy 109 00:03:58.446 --> 00:04:00.823 across the funnel and that's exciting 110 00:04:00.823 --> 00:04:04.327 because we're breaking down silos to deliver better ROI 111 00:04:04.327 --> 00:04:07.830 and deliver better brand experiences for our consumers. 112 00:04:07.830 --> 00:04:09.082 - Yeah, I think one of the things 113 00:04:09.082 --> 00:04:10.124 that we're particularly excited 114 00:04:10.124 --> 00:04:12.126 about right now is just the impact that, you know 115 00:04:12.126 --> 00:04:14.671 I'm sure down the road here everyone's talking about, 116 00:04:14.671 --> 00:04:16.422 something in common is AI. 117 00:04:16.422 --> 00:04:17.257 And I think 118 00:04:17.257 --> 00:04:19.467 that the role that predictive AI is already playing 119 00:04:19.467 --> 00:04:21.886 in terms of really helping our partners generate results. 120 00:04:21.886 --> 00:04:23.888 Right now over 80% of our partners 121 00:04:23.888 --> 00:04:26.391 on Google are using some form of predictive AI 122 00:04:26.391 --> 00:04:29.310 and it's truly making a difference in terms of outcomes. 123 00:04:29.310 --> 00:04:31.062 And then there's the generative side. 124 00:04:31.062 --> 00:04:33.147 You know, as people continue to take 125 00:04:33.147 --> 00:04:34.857 in content in so many different places 126 00:04:34.857 --> 00:04:37.360 how do we utilize generative AI responsibly 127 00:04:37.360 --> 00:04:39.779 in order to deliver those outcomes as well 128 00:04:39.779 --> 00:04:41.781 and ensure we have great messages to deliver 129 00:04:41.781 --> 00:04:43.866 to consumers regardless of where they are. 130 00:04:43.866 --> 00:04:45.702 - Adam, Gary, really insightful and absolute pleasure. 131 00:04:45.702 --> 00:04:46.286 Thank you so much. - Thank you.