Coles and Woolworths are among a growing and diverse set of retailers injecting hundreds of millions into private-label range expansion – not just for revenue growth, but customer stickiness, trust and loyalty. They’re no longer just chasing price-conscious consumers: Today’s own brand strategies are leveraging every lesson from the brand playbook to win from value to premium tier, utilising quality product credentials, growing first-party data insights, category diversification and co-brand partnerships while also tapping into future-forward trends such as health and wellbeing, blurred work/home lifestyles, sustainable sourcing, changing consumer behaviours and preferences to innovate. It’s working. Circana figures show 4.8 per cent year-on-year growth across CPG/FMCG to $46bn in annual private-label sales last year. Complementary research shows 95 per cent of Aussie consumers are now open to buying private-label brands, and exclusive research supplied to Mi3 reveals broad familiarity and emerging motivators for own brand purchases. Even more significantly, Gen Z and Millennials are increasingly being swayed to consider private-label products. Here’s the lowdown on why and how retailers are making private-label the next big brand success story, and what name brands should attempt to fight back.
Author: admin
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It’s less than a year since Salesforce launched autonomous AI agents into the wild. But the bots are already reshaping business functions. In the US, online accounting platform 1-800 Accountants, which handles payroll and book keeping for circa 100,000 firms, has slashed the time staff spend on customer service by 70 per cent. Open Table and Singapore Air are deploying the agents to similar effect. But what are they doing with all that freed human capital? And what are the broader implications for everyone as ‘agentics’ move rapidly through the digital supply chain? Salesforce global CMO Ariel Kelman and colleagues say we will all soon have our own agentics buying – and negotiating prices – for us in online shopping and services. Which has significant implications for business structures and marketing functions and capability in particular. Kelman says we are now looking at a step change in marketing automation beyond content, where the agentic labour force will generate campaign briefs, launch campaigns off those briefs, and self-optimise the creative messaging and channels to deliver on the brief it crafted in the first place. Outside of agentics, Kelman says Salesforce’s new multi-touch attribution model is powering, telling the firm which marketing investments are driving sales and how cost-efficient they are. But not for brand – Kelman thinks it’s pointless trying to attach a dollar value to brand investments in B2B. “It’s just so disconnected from the purchase.” Those attempting to do so, he suggests, are “operating at a false level of precision.”
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‘People’s jobs will be changed’: Salesforce global CMO on how AI agents are the new digital labour force rapidly reshaping customer service, marketing and commerce; plus the ‘false precision’ of brand attribution
It’s less than a year since Salesforce launched autonomous AI agents into the wild. But the bots are already reshaping business functions. In the US, online accounting platform 1-800 Accountants, which handles payroll and book keeping for circa 100,000 firms, has slashed the time staff spend on customer service by 70 per cent. Open Table and Singapore Air are deploying the agents to similar effect. But what are they doing with all that freed human capital? And what are the broader implications for everyone as ‘agentics’ move rapidly through the digital supply chain?Salesforce global CMO Ariel Kelman and his say we will all soon have our own agentics buying – and negotiating prices – for us in online shopping and services. Which has significant implications for business structures and marketing functions and capability in particular. Kelman says we are now looking at a step change in marketing automation beyond content, where the agentic labour force will generate campaign briefs, launch campaigns off those briefs, and self-optimise the creative messaging and channels to deliver on the brief it crafted in the first place.Outside of agentics, Kelman says Salesforce’s new multi-touch attribution model is powering, telling the firm which marketing investments are driving sales and how cost-efficient they are. But not for brand – Kelman thinks it’s pointless trying to attach a dollar value to brand investments in B2B. “It’s just so disconnected from the purchase.” Those attempting to do so, he suggests, are “operating at a false level of precision.”
‘We had those cuts, now we are hiring back creatives’: Prudential’s brand, creative VP on crucial AI lessons, 18 months in – and the mistakes to avoid
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KFC Australia covers rent for young Australians in Christmas in July campaign
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The CMO Awards Podcast Ep7: Winners and finalists part 2: Uber, Guzman y Gomez CMOs reveal what makes their distinct marketing approaches effective
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