241: 2021 Global Marketing Trends with Deloitte's Ashley Reichheld

On this 241st episode of "Marketing Today," host Alan Hart speaks with Ashley Reichheld, principal at Deloitte. Reichheld discusses the findings of Deloitte's 2021 Global Marketing Trends Report and dives deep into a few of its seven trends.We start our conversation with Reichheld's background of traveling. She talks about her experiences living and working in over 40 countries across six continents and how it helped her gain insight and perspective into different cultures. From there, we dive into the meat of the interview, Deloitte's 2021 Global Marketing Trends Report. With this report, Deloitte aimed to dispel some of the uncertainty that this past year has brought to marketing.Reichheld then discusses her favorite trend category, trust, and how "overall, trustworthy companies outperform their competitors by 2 ½ times." For a long time, public trust in corporations and governments has been on the decline and presents both a threat and opportunity to marketing departments worldwide. Deloitte uses its metric, HX Trust ID, which measures trust drivers: humanity, transparency, capability, and reliability. By measuring these four drivers, Deloitte can predict buying tendencies and motivations for consumers and employees. Lastly, we talk about marketing effectiveness and how to know if your efforts are working or not.Highlights from this week's "Marketing Today": Ashley has lived and worked in over 40 countries, picking up an appreciation and empathy for cultural differences. 1:19Purpose, human experience, and fusion are the three trends that confused most people. 3:13There has been a drop in confidence across the board in C-Suite executives from consumers during 2020. 4:52Organizations have had to pivot to better serve their customers and that ability largely affects a customer's continued loyalty. 6:40For a long time, trust in companies and the government has been on the decline and has only been exasperated by the pandemic. 8:50Trust is the key to continued loyalty from both consumers and employees. 9:51By measuring these four drivers, Deloitte can predict buying tendencies and motivations to work for consumers and employees. 11:40Deloitte's Global Marketing Trends Report shows a direct link between employee trust and consumer trust. 12:34Recent research suggests that governments and corporations can't be both ethical and competent. 14:20Being aligned around common goals and being driven by a purpose takes companies further than being driven by incentives. 15:38Alan believes that the perfect storm exists when the purpose is aligned with business results. 17:28Bringing in the right talent and preparing employees for C-Level positions is one of the biggest challenges in marketing today. 18:04Marketing isn't finance, but a finance background isn't useless in marketing. 20:44The best way to measure your marketing's effectiveness is to simply turn your marketing off for some time. 22:20Because Ashley believes that we are the sum of all experiences, she can't point to just one experience that has helped shape her. 23:04Ashley has recently joined the board of The Center for Women & Enterprise to help underserved populations through these difficult times. 25:27Trust, or brand promise, both represents the biggest opportunity and threat to marketers today. 26:27 Hosted on Acast. See acast.com/privacy for more information.