Concerned about growing problems in the advertising industry, Marc Pritchard, Procter & Gamble’s Chief Brand Officer, is calling for a “new media supply chain.”
He also said Procter & Gamble, which spends $10 billion in advertising every year, “will support common-sense national legislation,” and that its preferred providers will be those who adopt “responsible privacy practices that reinforce consumer trust.”
In an Orlando speech to the Association of National Advertisers, where he is now serving as chairman, Pritchard said: “Digital media continues to grow exponentially, and with it, a dark side persists, and in some cases, has gotten worse.
"Ad waste and fraud continue, consumer application of ad blockers is still increasing and privacy and consumer data breaches proliferate," he added, despite patchwork efforts to repair the advertising infrastructure. "As the next half of the world’s population gets connected,” Pritchard said, “it’s likely the problems will keep growing.”
Pritchard called for “a new media supply chain that levels the playing field and operates in a way that is clean, efficient, accountable, and properly moderated -- for everyone involved.”
The advertising woes spawned by the digital age have been kicked around for years by advertising, tech and media groups. But it’s only recently that the broader consumer public has began taking issue with privacy and data issues they never knew, or previously cared, about, and some say they may become important issues in presidential campaigns.
Pritchard’s call to action is only the most recent in a series of declarations indicating the media industry is now fully engaged in the subject. Earlier this week the organization Privacy for America launched, made up of several industry groups (including the ANA) that will try to propose and shape new federal privacy laws.
The week before, Facebook founder Mark Zuckerberg called for stricter regulation of "harmful content, election integrity, privacy and data portability."
recommended five goals he said P&G follows to gain a better advertising environment, suggesting the 650 executives in the audience follow them as well.
The goals are to:
-- Elevate quality by partnering with companies and buying media from places where the content quality is known, controlled, and consistent with a company’s values, and "where there is third-party measurement, auditing and accountability.”
-- Promote civilityin the new media supply chain by working with companies that demonstrate they are using their voices on their platforms in a civil and responsible way. “Marketers need partners who handle editorial comments in a way that creates a balanced and constructive discourse.”
-- Level the playing field, by delivering transparency through measurement across all media platforms.
-- Simplify privacy by arriving at one common privacy standard nationwide. Pritchard said P&G is working with Privacy for America on that goal.
--Take control by making better use of consumer data marketers already collect on their platforms, as he said P&G is doing. He said the company is reinventing and reevaluating its agency models.
On that last point, Pritchard said: “For too long, we’ve been wowed by shiny objects, overwhelmed by Big Data and intimidated by algorithms. We outsourced too much work, taking the head fake that media was so technical and advanced we couldn’t possibly handle it ourselves. No more.”
The ANA's CEO, Bob Liodice, endorsed Pritchard's remarks.
Mr. Pritchard, your comments are spot on however feel you come up way short in my eyes. I have published many of your company's sweepstakes in 15 years. in total we have published over 74,000 sweeps by many of the fortune 500 companies. With that, the problem is not with the publishers. Never has been. The problem has been with the ad distributors and programmatics like Google and their total off hand approach. When there hacks and scammer who cheat the advertisers, the ad distributors don't pay, it is you and I. I have a simple solution that is supported by many publishers. Join us in created a partnership in building a secure ad network that is verifiable ad distribution channel that could save the advertisers maybe 50 percent and actually pay the publisher a better rate than we are reciving now. I welcome you feedback.