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‘Likelihood of in-year budget cuts significantly increased’: CMOs shave headcount, in-house agencies, external rosters, martech – defend paid media

Gartner’s new CMO Spend Survey underlines the battle CMOs are engaged in as they ringfence paid media spend to maintain share of voice and find incremental growth amid weak economic macros, while shaving costs off every other thing they can. Amid warnings of incoming in-year budget cuts, there’s no room for marketing teams or agencies to produce non-productive work anymore – and rosters are being tightened. Chris Howatson calls it “becoming more efficient to grow”; other industry execs see some significant tactical and strategic shifts now at play.

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What Australian Marketing Institute judges are looking for in the Lisa Ronson Next Generation Marketing Leader Award

There’s never been more pressure on marketers to prove their worth. While the tools, channel ecosystems and real-time data at their disposal create more opportunity than ever to win that argument, the counterbalance is strengthening – and often unrealistic – expectations on marketers to deliver the goods quickly. Which is why courage, knowing the difference between effectiveness and efficiency, measurement principles, and a panache for storytelling and strategy are so critical in emerging marketing leadership today, say judges from this year’s Australian Marketing Institute Excellence Awards in charge of awarding a new individual-based category in the line-up: The Lisa Ronson Next Generation Marketing Leader Award.

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Twisties releases sour blueberry flavour, leans into Y2K-aesthetic campaign

Twisties has introduced a new limited-edition flavour, Sour Blueberry, which features a distinctive tongue-turning blue effect. The campaign for this new product is spearheaded by VaynerMedia and Mango Communications, aiming to capture the attention of Gen Z and Millennials by leveraging Y2K aesthetics and nostalgia.

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