Consumers During Corona

10. Leslie Wood: Consumer Trends, Advertising Effectiveness, and The Corona Economy

January 11, 2021 Stephen Kraus Season 1
Consumers During Corona
10. Leslie Wood: Consumer Trends, Advertising Effectiveness, and The Corona Economy
Show Notes

Leslie Wood is Chief Research Officer at NC Solutions, a joint venture between Nielsen and Catalina that features one of the industry’s most comprehensive databases of consumer behavior and media use. We discuss…

  • Why spending continues to rise on consumer packaged goods, comfort food, and iconic brands (but not on private labels)
  • Why the new wave of stay-at-home orders is unlikely to change consumer behavior
  • How advertising is more effective for building loyalty than encouraging trial (and why loyalty is more important than ever)
  • A common advertising mistake: brands get tired of their messaging and change it even when it still resonates with consumers
  • How the quantitative analysis of advertising effectiveness reveals the importance of the “softer” sides of advertising -- messaging and creative (and how I am REALLY similar to Don Draper!)
  • How The Corona Economy is analogous to the entire population going through multiple lifestage transitions at once

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Learn more about NC Solutions here, and reach Leslie on LinkedIn here

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