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In the first part of a monthly global view on the industry, Lucy Aitken sees signs of life.
2003 was a grim year for new business. The biggest global gains were mainly existing accounts that expanded, such as DDB winning the consolidated business from Dell and Philips. The exception was OMD's triumphant dollars 1.2 billion McDonald's win.
So new-business directors across the globe are anxious to see what prizes are up for grabs in the months ahead.
In the first of Campaign's monthly round-ups of account moves and wins around the globe worth at least dollars 50 million, it's clear things are starting to move, albeit slowly. The price tag on Nestle's media business has caused a flurry of excitement, while HSBC will continue to preoccupy the thoughts of hundreds of staff in the competing networks for the next month.
New-business directors agree that over the coming year, sectors which will be spending more include those dotcoms starting to turn in a profit and healthcare brands. Anticipating increased spend in the latter, many networks have already established their own healthcare units. In the US, packaged goods are also tipped.
Across Europe, the French and German economies are starting to pick up. Germany has been deeply entrenched in a dismal downturn, so the glimmer of light at the end of the tunnel cannot appear a moment too soon.
ACCOUNTS UNDER REVIEW
CLIENT/TASK BUDGET SHORTLIST INCUMBENT
dollars
Nestle
media planning 1.5bn IPG, WPP, various, including
and buying, global Publicis MindShare, OMD,
Universal McCann
HSBC
creative and media,
global 600m IPG, Omnicom, Lowe, Zenith-
WPP Optimedia
American Express
media, global 375m MindShare, Carat, MindShare
Initiative
Verizon Wireless
creative, US 300m McCann-Erickson, Lowe
JWT, Arnold
Old Navy
creative, US 180m JWT, Euro RSCG, in-house
...