Plus, top lessons from TV in 2020 ADWEEK | First Things First
| | | | | | | First Things First | | | December 22, 2020 | By Jess Zafarris | |
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| Ad Buyers are Still Figuring Out Their 2021 Budgets | | If ecommerce is the buzzword for retail, “uncertainty” is the buzzword for—well, really, everyone after 2020. But ad tech is facing several simultaneous existential crises, brought on not only by the pandemic but with an added helping of cookie-death. The IAB surveyed 250 ad buyers from brands, agencies and marketing firms for its 2021 Marketplace Outlook Survey and found that that uncertainty is just as rampant internally as externally: Only 8% of ad buyers have their 2021 budgets figured out, and almost 50% either have no idea or are only working with ballpark estimates. Spend on the wild side: See the data on what those (few) who have figured out their budgets plan to do with them. | |
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