CMOs enter 'era of less' as budgets plunge below pre-pandemic levels
Briefly

CMO spending power is slipping, with marketing budgets decreasing from 9.1% in 2023 to 7.7% in 2024, far below pre-pandemic levels of 11%.
Investments from CMOs in marketing technology, labor, and agencies are decreasing, while paid media's share in budgets is on the rise, with digital accounting for the majority at 57.1%.
Read at Retail Dive
[
]
[
|
]