Marketing Briefing: As brands and agencies pull out of Russia, ripple effects of the Ukraine invasion continue in the ad world
Russia’s ongoing invasion of Ukraine continues to have ripple effects in the ad world.
Late last week, WPP announced that it would discontinue its operations in Russia. The holding company released a statement that continuing to run its business in Russia would be “inconsistent with [its] values” and that it stood with Ukraine. WPP isn’t alone. Other businesses have announced they will suspend services (TikTok, Netflix, Visa, Mastercard, Amex) or halt advertising (Google) in Russia. Awards shows Cannes Lions and D&AD also said it wouldn’t be accepting submissions from Russian agencies or brands.
Some in the ad world see the moves as clear-cut. “Pulling out is a no-brainer in the short term,” said Allen Adamson, brand consultant and co-founder of Metaforce, when asked about the impact on the ad world. “This is a moment in time when the amount of revenue you can make by staying open in Russia is diminished by the pressure to do the right thing.”
Others have a more nuanced take on brands and agencies’ response to the ongoing invasion. Some agency execs and industry observers say that while they support businesses pulling out of Russia as it may send a signal to the Russian government, they also feel for people in the advertising community in Russia who don’t support the atrocities that the Russian government is committing against Ukraine.
Some wonder about the possible precedent these businesses may be setting with this decision.
“It’s a slippery slope for offices to be closed irrespective of business or organization,” said one media buyer who requested anonymity. “What happens when more countries behave like Russia? What happens when the war stops? Do those offices reopen? What about the humanity and dignity of innocent hard working people at those companies whose economic livelihoods are harmed from this?”
The impact of the ongoing invasion in Ukraine also has ripple effects for those in other countries as they watch the horrors of the attack from afar. Some say that business leaders need to be cognizant of that impact as well.
“The trauma of war and adding another pressure to what has already been a panic enduring two years with COVID,” said Duane Brown, founder of performance marketing agency Take Some Risk. “Brands need to give their people space and time to think and heal. You never know who has friends, family and loved one’s based in Ukraine.”
3 Questions with Cristina Ferruggiari, evp and director of advanced and connected TV, Lockard & Wechsler Direct
As the lines between the different video mediums (linear television, OTT, CTV, etc.) become more blurred, what does that mean for marketers?
As marketers, we must think about TV/video from a holistic lens to capitalize on full audience reach potential and impact. [That means] including OTT/CTV within a total video approach, acts as a compliment to linear TV to capture migrating audiences that may not be exposed to linear TV messaging. It also presents the opportunity for our clients to take …read more
Source:: Digiday