Just as brands and content marketers were settling into a post-COVID marketing rhythm, we’re all now facing another major upheaval – the looming threat of a global recession. Consumers are quickly adjusting their spending habits to adapt to higher interest rates and rising inflation, while businesses scramble to tighten their belts and scrutinise their marketing budgets to see what can be cut.
We understand that every new year brings a variety of challenges and opportunities for marketers, but many foresee 2023 to be a lot more testing than most, as businesses are still trying to recover from the global pandemic. While everyone may hastily jump to the conclusion that dialling back on content marketing spend makes the most sense for short-term budgetary concerns this year, experts are urging marketers to think twice and focus on maximising the effectiveness of their content marketing budgets and start preparing for the recovery instead.
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