"Much of the advertising messaging you see from brands sounds very similar, with brands often using overused phrases like “unprecedented times” and “we’re here for you.” Research demonstrates that it is critical for brands to use their advertising to amplify their COVID-19 efforts and solidify their role in the community.
According to AdWeek, consumers are more likely to engage with brands that are more purpose-driven and address the pandemic directly in their communications. Plus, media viewership online and on TV is skyrocketing meaning it is now easier and less costly for advertisers to reach their core audiences."
"We are hearing debates across the public and private sectors on the management, sharing and ethical use of sensitive data in response to crisis and what changes today could mean for the long-term future of health systems.
For leaders facing a deluge of information in this space, it is helpful to prioritize which issues will most likely have critical impact to operations, care delivery, and reimbursement streams going forward."
TURKEY: ECONOMIC IMPROVEMENT PLAN
APCO colleagues are sharing on-the-ground insights and analysis on the impact of COVID-19 in markets around the world. Today’s dispatch from APCO's Istanbul office discusses the Turkish government's plan to help businesses recover:
The Republic of Turkey introduced a comprehensive COVID-19 response plan in mid-March named “Stability Shield
.” Given the specific nature of the Turkish unitary government, the plan’s implementation was more coordinated and centralized than in other countries. The government formulated the plan around several action points, most of which were designed to minimize the health impact on the general population while ring-fencing a threshold of productive activities. These action points saw increased financial support for small and mid-sized enterprises (SMEs), increased incentives for export businesses, as well as the identification of alternative global supply chain routes and the introduction of salary support schemes.
Following the Ministry of Health’s cautious yet optimistic statement that the pandemic was under control following steady signs of improvement, the Turkish government introduced a gradual re-opening plan beginning in early May. This re-opening plan aims to revitalize domestic commercial activity by lifting partial curfews and introducing strict sectoral regulations, and efforts to support sectors that can generate Turkey’s heavily dependent foreign exchange. Crucial sectors targeted for this revitalization include tourism and manufacturing in export-led industries, with a goal to position Turkey as a formidable competitor to China in Western markets, including the United States.
However, construction and retail, Turkey’s two crucial sectors for domestic economic growth will most likely need additional financial support. Turkey has also introduced two rounds of import tariff increases since initiating its first COVID-19 response plan, adding further challenges to import-oriented businesses. Looking ahead, the government must establish an effective economic policy that promotes growth while still protecting the import-dependent domestic manufacturing sector in Turkey's service- and demand-driven economy. The coming months will be critical for companies to convey their value to the Turkish economy and ensure that their voice resonates within the government’s dynamic policy-making process. It will be an opportunity to leverage support during the recovery phase or maintain their business, if not preventing further adverse effects on their business.
Some Positive News
- Knighthood for fundraising: 100-year-old Veteran Tom Moore is being awarded a knighthood for raising more than GBP 32 million for NHS charities, BBC
- Pandemic curbs global emissions: The COVID-19 crisis could cause the biggest percentage drop in global Carbon Dioxide since World War II, POLITICO
- Drive-thru jokes: A British Columbia first-grader set up a booth in to tell passersby all the jokes he knows, becoming a mini internet celebrity, The Washington Post
More Tips from Around the Water Cooler
APCO is opening up the virtual water cooler for submissions from our readers - please share your article suggestions with us here.
- My kids returned to school four weeks ago – here's how Denmark made it work, indy100
- How society can benefit from multiplier partnerships, Triple Pundit
- Stop being ‘so busy:’ The psychology behind why being lazy is actually good for your brain, CNBC
- Advice for ageless startups, even in a pandemic, Forbes
- Six tips for data sharing in the age of the coronavirus, Nature
“The response has to be global. There has to be a way of picking up countries that are struggling right now, especially in the developing world."
- Imran Khan, Prime Minister of Pakistan
"Without being melodramatic, COVID-19 is like the last nail in the coffin of globalization. The 2008-2009 crisis gave globalization a big hit, as did Brexit, as did the U.S.-China trade war, but COVID is taking it to a new level."
- Carmen Reinhart, incoming Chief Economist, World Bank
|The APCO team is working with clients globally to manage this crisis, and we stand ready to support your needs. For more resources from APCO, including our latest research, information on how we can help or to contact us, visit apcoworldwide.com/coronavirus.|