Long-term effect of brand purpose ‘unclear’, but it’s here to stay

Issue and purpose-based marketing is here to stay, according to new research from Nine, with the media giant claiming “in a world where brands fight for attention and respect, having a point of view can be a way to do that”.

The long-term implications of this phenomenon, however, are unclear, as are the wider effects on consumer behaviour, Publicis Groupe’s global head of futures and insights, Tom Goodwin, said.

“We haven’t quite figured out what the long-term effect of purpose will be,” Goodwin said during a session on echo chambers at Nine’s Big Ideas Store. “Are people going to choose a shoe polish because they’re pro some political belief system? Should every brand aim to be an environmentally-friendly brand? Probably.”

Goodwin joins The Big Ideas Store remotely

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