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Home » Retailers Plan to Pump More Money Into Their Social Media Campaigns

Retailers Plan to Pump More Money Into Their Social Media Campaigns

September 24, 2012
Strategy + Business

Today, two-thirds of responding companies dedicate 5 percent or less of their digital marketing spending to social media. Within three years, however, 56 percent of responding companies expect to spend 10 percent or more of their digital marketing budgets on social media, and 28 percent expect the figure to exceed 20 percent.

Companies aiming to take full advantage of this expanding social media spending need to scale three important capabilities: community management, content development, and real-time analytics.

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    KEYWORDS Business Strategy Alignment Global Supply Chain Management Retail retail supply chain social media as marketing tool social media in retail industry
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