NEW YORK, May 14 (Reuters) - What is missing from the
Paris 2024 Olympics? A tear-jerking corporate advertising
campaign from Procter & Gamble ( PG ) saluting the mothers of
athletes.
The consumer products maker, one of the world's biggest ad
spenders and a sponsor of the Olympics, is instead focusing its
marketing at the Games on its individual brands including
Pampers diapers, Gillette razors and Ariel detergent.
The move is a step-change for P&G, whose prior Olympics
advertising campaigns emphasized the values of the
Cincinnati-based company, struck an emotional chord and were
among the company's most successful by sales and views,
according to the website of Wieden+Kennedy, the agency that
worked on the commercials.
"In the past, we've had both a P&G and a brand focus, and
this time we just really decided we're going to go focus, not
100%, but much more prominently, on brands," said P&G chief
brand officer Marc Pritchard. "That's what consumers that we
serve are familiar with."
Procter & Gamble ( PG ) has reduced its spending on Olympics
advertising in the United States by 50% over the last several
Games, after previously spending tens of millions of dollars
with U.S. broadcaster NBCUniversal, Reuters reported last month.
The company is one of the biggest global marketers of
consumer products by revenue, selling roughly $82 billion worth
in its fiscal year ending June 30, 2023.
It spends about $8 billion annually on advertising.
Pritchard said that for the upcoming Games, P&G is launching
advertising for more than 30 of its brands, more than ever
before.
"Our message really is serving the Olympic and Paralympic
athletes, their families and fans around the world," he said.
"There's a bit of an everyday focus on it."
For example, P&G marketing at European retailers will
emphasize the idea that its products are "everyday champions" in
household tasks, according to the company. The company's biggest
marketing push is in Europe because it is the host region for
the Games, Pritchard said.
Sponsors of the International Olympic Committee (IOC),
including P&G, pay upwards of an estimated $100 million for the
right to use the famous Olympic rings in their marketing
materials, according to the Reuters report.
P&G launched its first ever corporate advertising campaign
highlighting the company rather than the household products it
makes for the 2010 Vancouver Olympics, according to
Wieden+Kennedy.
The global, multi-year campaign, called "Thank you, Mom,"
showed the sacrifices mothers around the world make to help
their children become Olympic athletes, and the lessons they
teach them, like sportsmanship.
Sales of P&G products in the U.S., its biggest market, and
Europe have been strong this year even as consumers face record
levels of inflation. But lower sales in China have overshadowed
those gains.