Majority of CMOs set to increase digital retail media budget in next year:
About three-quarters of chief marketers expect to increase their digital retail media budget in the coming year, a new survey has revealed.
The poll of senior marketers from across the globe by Campaign found 47% said they would be increasing their budget by more than 25%, while just under a third (29%) said they expected to see it rise by less than 25%. A total of 24% said there would be “no change” to their level of investment.
When asked within which part of the marketing budget digital retail media falls, the largest proportion of respondents said advertising, followed by trade and promotional sales, CRM and “other” budgets (Source: Campaign 2022).
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