CREATING REAL BUSINESS SOLUTIONS FOR BRANDS IN THE COVID-19 ERA
The COVID-19 crisis has brought the whole world together. While physically we are distanced, we have emotionally come closer to each other during this crisis, and it’s because we are all sailing in the same boat in our own ways. This is also a time that has forced us to realise the difference between our NEEDS and WANTS. This might seem like an ordinary statement, but in my view it will have a huge impact on how consumers interact with brands in future. At Havas, we have been the pioneers in introducing and emphasizing on the concept of Meaningful Brands and the context makes this philosophy even more relevant today. Globally, consumers would not care if 75% of the brands disappeared tomorrow according to Havas’ Meaningful Brands study – the balance 25% brands are the ones that are making a meaningful difference in the consumers lives. Besides functional benefits, these brands also provide social and collective benefits to their consumers. In the current COVID-19 environment, the social responsibilities of brands have become even more significant. This responsibility finally rests on the ‘communication’ that those brands are doing/planning to do with their consumers. Today, more than ever, we need meaningful brand communications that are channelized through Meaningful Media platforms. Here are a few examples of meaningful communication by our clients - Swiggy Challenge: Approach: Result: Tata Trucks Challenge: Approach: Result: Communication: In both the above cases, meaningful communication through meaningful media has helped deliver business results. The communication clearly focuses on the brand challenge and works towards making the brand more relevant in the consumers’ minds. In my view, this pandemic will change the consumer buying behaviour significantly and permanently. As I mentioned in the beginning, NEEDS will be prioritised over WANTS and it will be up to the brands to come close to the consumers’ NEEDS and that will only happen when the consumer finds the brand relevant and meaningful. It is important to note that the term NEED here does not imply basic necessities alone. It is anything that finds relevance and meaningfulness for the consumer. If the communication is meaningful, relevant and connects with the consumers, then even a luxury car could fall under the NEED domain.
Tags : media agencies advertising Swiggy Mohit Joshi Tata Trucks Havas