Kraft Heinz To Review $1 Billion Global Media, Announces Cuts To Creative & Digital Spends

Kraft Heinz To Review $1 Billion Global Media, Announces Cuts To Creative & Digital Spends

One of the world’s biggest FMCG brands, Kraft Heinz, has announced a global review of its $US600 million ($A1 billion) media as its contract with the incumbent, Publicis’ Starcom, is set to expire in 2021.

A spokesperson for the brand said: “Kraft Heinz is exploring for its global media planning and buying operations to ensure we are positioned for success in 2021 and beyond.”

Starcom handles all of the food brand’s media in Australia and the account is believed to be worth around $15 million annually. Its local creative is handled by Cummins&Partners who won the business in October 2017.

Last month the global CEO of Kraft Heinz, Miguel Patricio, said the company planned to increase media spend by 30 per cent this year (although, that was long before COVID-19 took hold) while slashing the number of design and creative agencies it planned to work with by 50 per cent in 2020.

During an earnings call, Patricio said to offset the the “slight decrease” in marketing and the “big increase” in media the company would focus on its high-performing existing brands rather than launch new products onto the market.

He added that media spend will see “a significant percentage increase” and an an “even greater” increase for the brands that are the biggest drivers of its profitability in 2020.




Please login with linkedin to comment

kraft heinz Starcom

Latest News

The Mars Agency Announces Latest Findings Of Retail Media Report Card
  • Advertising

The Mars Agency Announces Latest Findings Of Retail Media Report Card

The Mars Agency has developed a scorecard that assesses the capabilities of leading platforms across key criteria required to optimally plan, execute, and measure effective retail media programs. The scorecard aims To help brands efficiently evaluate their spending options across retail media networks in Australia (and New Zealand). With spending on retail media advertising in […]

TV Ratings (27/03/2024): Jungle Members At War Over Concealed Lipstick
  • TV Ratings

TV Ratings (27/03/2024): Jungle Members At War Over Concealed Lipstick

A heated argument between two jungle members did the numbers for Ten last night, with I’m A Celeb obtaining a total national reach of 1,282,000. Fans were delighted as Candice Warner and influencer Skye Wheatley got into it over a stick of lipstick, leading Warner to dub the Instagram star “selfish.” Wheatley, best known for […]