The CPG industry had the chance to hit the reset button on promotions post-pandemic, but early signs indicate a return to detrimental habits and subpar promotional strategies.
The consumer remains uncertain about distinguishing between good and exceptional promotions, presenting an opportunity to craft a promotion playbook in 2024 that transcends low-quality discounting practices. However, time is running out.
In 2024, it’s the final opportunity to discard ineffective promotion practices in favor of sustainable, shopper-driven, and more profitable strategies for both manufacturers and retailers.
Consider the following and if you’re uncertain for any one of them, this session is a must-attend for you:
Do I understand my brand loyalty with my consumers?
Am I growing my loyalists and converting my value seekers to loyalists to my brands?
Are my brands driving profits for my retailers?
Am I driving share growth or share shift?
Are my promotions driving incrementality or am I giving money away?