NCS Launches Industry Research Project To Understand How To Build Brands
CINCINNATI–March 22, 2018–NCS, the leading ad targeting and sales attribution provider for the CPG industry, and Nielsen, the global audience measurement leader, have launched a new industry research study aimed at understanding the best strategy for building CPG brands. For the first time, the advertising industry will have a holistic view of the measures that determine how a brand grows across time, and will be able to understand the importance of each piece of the media mix in a brand’s success.
“In the advertising industry, there’s more data available today than there’s ever been before. Brands have greater ability to deliver messages to more specific audiences, but we haven’t had the tools to understand the implications of targeting decisions,” said Leslie Wood, Chief Research Officer, NCS. “This study will put the pieces together and deliver insights on how media and creative decisions contribute to a brand’s growth over time.”
“One of the decisions that marketers continue to grapple with is how to target their marketing dollars. Choices range from targeting existing buyers of the brand, e.g. loyalists, to targeting future category buyers to grow penetration,” said Professor Byron Sharp, Director of the Ehrenberg-Bass Institute and author of How Brands Grow. “Of course, many brands do both with different campaigns. We are seeking to find out the right balance for brands that really want to achieve substantial growth.”
The following advertisers, media companies and institutions have signed on to participate in this project:
- Advertisers: Anheuser-Busch InBev, The Hershey Company, Kellogg, L’Oreal USA, Mars, Mondelēz International, Nestle Purina, Reynolds Consumer Products and more
- Media companies: CBS Corporation, Facebook, NBCUniversal, Pinterest, Turner
- Organizations: Advertising Research Foundation, The Ehrenberg-Bass Institute, Longman-Moran Analytics
The initial findings of this multi-phased research will be presented in spring of 2018.