Most marketers are unsatisfied with the way their teams are localizing branded content for different markets, yet fail to prioritize this need in their budgets, a new CMO Council report revealed.
According to the report, 63% of marketers feel they’re “not doing well at all,” “need improvement,” or “getting better” when asked how effectively they adapt, modify and/or localize branded content for different markets, audiences, partners, and geographies. Just 33% rated themselves high, saying their organizations are “very advanced in this area” or “doing well.”
Despite the clear need to localize – with 50% of marketers saying it’s essential to business growth and profitability – most marketing teams simply do not have the budget to execute their goals. As high as 75% said they are spending 10% or less of their budgets on localization efforts.
Partnering with HH Global, the CMO Council released its “Age of Adaptive Marketer” report where it detailed the findings of a poll conducted among 150 marketing executives in a range of industries during the second quarter of 2017. The report included comments from the top management of US-headquartered companies Pepsi, Chobani, and Starwood Hotels and Resorts.
As consumers increasingly expect brands to engage with them in the most relevant ways, almost half of survey respondents cited localization demands – including language, cultural values, and other sensitivities – as the top factor “putting pressure” on marketing teams to more effectively deliver branded content at scale.
But at the same time, ensuring that content is properly localized (34%) without diluting the brand’s overall identity (43%), as well as shorter lead times and deadlines (47%) are among the biggest challenges for marketers.
“In today’s day and age, there is an expectation that customer experiences happen in total context to the consumer, yet localization – whether it’s around the globe or around the corner – is still a far-off goal for far too many organizations,” the CMO Council noted in its report.