This suggests the brewer, like many other major brands, is looking for ways to drive greater efficiency in its marketing efforts and is focusing on agency relationships as one area where there is inefficiency. Inconsistent, possibly inflated, agency fees is a growing concern for brands in the wake of allegations from several sources last yera that fees are being mishandled.The Department of Justice is investigating several agencies over allegations of mishandling production contracts while the ANA published a report claiming non-transparent billing practices by agencies.The result has been a broader range of service offerings are being pitched by multiple niche agencies which once co-existed by staying in their respective silos.As the agencies try to broaden their scope away from their core competencies, the nature of the business was bound to change.Agency selection and media planning and buying had previously been managed locally or regionally. advertiser, spending

This suggests the brewer, like many other major brands, is looking for ways to drive greater efficiency in its marketing efforts and is focusing on agency relationships as one area where there is inefficiency. Inconsistent, possibly inflated, agency fees is a growing concern for brands in the wake of allegations from several sources last yera that fees are being mishandled.The Department of Justice is investigating several agencies over allegations of mishandling production contracts while the ANA published a report claiming non-transparent billing practices by agencies.The result has been a broader range of service offerings are being pitched by multiple niche agencies which once co-existed by staying in their respective silos.As the agencies try to broaden their scope away from their core competencies, the nature of the business was bound to change.Agency selection and media planning and buying had previously been managed locally or regionally. advertiser, spending $1.68 billion in 2015, the latest full-year data available from the Ad Age Datacenter. expects its agency consolidation process to take a year or two and come largely through discussions with agency executives, though it's likely to involve reviews in at least some cases, according to Global Brand Officer Marc Pritchard.Niche Agencies Expanding Service Offerings While deep divisions in agency service offerings became factionalized from 2000 – 2010, Web development and social media agencies have broadened their services to be content developers and in many cases digital media buying firms.

This suggests the brewer, like many other major brands, is looking for ways to drive greater efficiency in its marketing efforts and is focusing on agency relationships as one area where there is inefficiency. Inconsistent, possibly inflated, agency fees is a growing concern for brands in the wake of allegations from several sources last yera that fees are being mishandled.

The Department of Justice is investigating several agencies over allegations of mishandling production contracts while the ANA published a report claiming non-transparent billing practices by agencies.

The result has been a broader range of service offerings are being pitched by multiple niche agencies which once co-existed by staying in their respective silos.

As the agencies try to broaden their scope away from their core competencies, the nature of the business was bound to change.

Agency selection and media planning and buying had previously been managed locally or regionally. advertiser, spending $1.68 billion in 2015, the latest full-year data available from the Ad Age Datacenter.

expects its agency consolidation process to take a year or two and come largely through discussions with agency executives, though it's likely to involve reviews in at least some cases, according to Global Brand Officer Marc Pritchard.

Niche Agencies Expanding Service Offerings While deep divisions in agency service offerings became factionalized from 2000 – 2010, Web development and social media agencies have broadened their services to be content developers and in many cases digital media buying firms.

Public Relations firms added creative departments and decided to go into brand development and traditional advertising agencies invested in digital media development.

The brewer is using Media Link as its search consultant, while Media Path will handle auditing. business is WPP's Media Com, which has held the account since late 2014.At present, the brewer uses eight agencies spanning all major holding companies to handle media operations in more than 50 countries.The end result for advertising agencies has been an increased level of employee turnover.In turn, this lack of stability has led to higher operational costs ranging from increases in time-on-task to higher recruiting and training costs.Since then, P&G's sales have risen by around billion and its reported advertising spending (which includes some agency and production costs) has grown by around billion.P&G's shift to digital media has led to a substantial increase in agency and production outlays, Mr.Whether brands are working towards a transformation or just trying to simplify communications with agencies, there are several ways everyone can benefit from consolidating work to fewer agencies.And believe it or not, this appears to be a good thing for everyone!Chief Financial Officer Jon Moeller announced the initiative on P&G's earnings conference call earlier on Thursday. Pritchard said the expected savings of up to 0 million annually in agency fees and production costs will be "largely incremental" to what P&G already has accomplished through belt-tightening efforts of recent years. That implies combined savings of as much as

The brewer is using Media Link as its search consultant, while Media Path will handle auditing.

business is WPP's Media Com, which has held the account since late 2014.

At present, the brewer uses eight agencies spanning all major holding companies to handle media operations in more than 50 countries.

The end result for advertising agencies has been an increased level of employee turnover.

In turn, this lack of stability has led to higher operational costs ranging from increases in time-on-task to higher recruiting and training costs.

The brewer is using Media Link as its search consultant, while Media Path will handle auditing. business is WPP's Media Com, which has held the account since late 2014.At present, the brewer uses eight agencies spanning all major holding companies to handle media operations in more than 50 countries.The end result for advertising agencies has been an increased level of employee turnover.In turn, this lack of stability has led to higher operational costs ranging from increases in time-on-task to higher recruiting and training costs.Since then, P&G's sales have risen by around $10 billion and its reported advertising spending (which includes some agency and production costs) has grown by around $2 billion.P&G's shift to digital media has led to a substantial increase in agency and production outlays, Mr.Whether brands are working towards a transformation or just trying to simplify communications with agencies, there are several ways everyone can benefit from consolidating work to fewer agencies.And believe it or not, this appears to be a good thing for everyone!Chief Financial Officer Jon Moeller announced the initiative on P&G's earnings conference call earlier on Thursday. Pritchard said the expected savings of up to $500 million annually in agency fees and production costs will be "largely incremental" to what P&G already has accomplished through belt-tightening efforts of recent years. That implies combined savings of as much as $1 billion, which is huge even for a marketer that spent $9.2 billion globally on reported advertising spending last fiscal year.It will also be on top of this year's already-booked cuts in non-media costs, which were running around $490 million on an annualized basis as of the quarter ended Dec. As of 2009, P&G spent around $1 billion on agency fees and had 2,500 marketing-services agencies, according to a presentation company executives made at a 4As conference that year.Microsoft recently put out an RFP for its global creative and media business.It emphasized that it wanted 80% of its business to be handled by just one or two holding companies.It is common for companies to seek media efficiencies via agency consolidations in the wake of major mergers and AB In Bev is no different.The brewer wants to "drive consistency in our media rates and ways of working," the spokesman stated in an email.

The brewer is using Media Link as its search consultant, while Media Path will handle auditing.

business is WPP's Media Com, which has held the account since late 2014.

At present, the brewer uses eight agencies spanning all major holding companies to handle media operations in more than 50 countries.

The end result for advertising agencies has been an increased level of employee turnover.

In turn, this lack of stability has led to higher operational costs ranging from increases in time-on-task to higher recruiting and training costs.

The brewer is using Media Link as its search consultant, while Media Path will handle auditing. business is WPP's Media Com, which has held the account since late 2014.At present, the brewer uses eight agencies spanning all major holding companies to handle media operations in more than 50 countries.The end result for advertising agencies has been an increased level of employee turnover.In turn, this lack of stability has led to higher operational costs ranging from increases in time-on-task to higher recruiting and training costs.Since then, P&G's sales have risen by around $10 billion and its reported advertising spending (which includes some agency and production costs) has grown by around $2 billion.P&G's shift to digital media has led to a substantial increase in agency and production outlays, Mr.Whether brands are working towards a transformation or just trying to simplify communications with agencies, there are several ways everyone can benefit from consolidating work to fewer agencies.And believe it or not, this appears to be a good thing for everyone!Chief Financial Officer Jon Moeller announced the initiative on P&G's earnings conference call earlier on Thursday. Pritchard said the expected savings of up to $500 million annually in agency fees and production costs will be "largely incremental" to what P&G already has accomplished through belt-tightening efforts of recent years. That implies combined savings of as much as $1 billion, which is huge even for a marketer that spent $9.2 billion globally on reported advertising spending last fiscal year.It will also be on top of this year's already-booked cuts in non-media costs, which were running around $490 million on an annualized basis as of the quarter ended Dec. As of 2009, P&G spent around $1 billion on agency fees and had 2,500 marketing-services agencies, according to a presentation company executives made at a 4As conference that year.Microsoft recently put out an RFP for its global creative and media business.It emphasized that it wanted 80% of its business to be handled by just one or two holding companies.It is common for companies to seek media efficiencies via agency consolidations in the wake of major mergers and AB In Bev is no different.The brewer wants to "drive consistency in our media rates and ways of working," the spokesman stated in an email.