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<ul><li>The Out-of-home industry has been severely impacted by the pandemic with the months of April, May and June seeing almost zero business.</li><li>However, with the country slowly opening up, things are starting to move and a lot of hope also rests on the festive season.</li><li>We talk to experts who tell us what the rest of the year looks like and why this is a good time for advertisers to start spending on OOH.</li></ul>The lockdown impacted most industries across the globe. However, one industry that had to bear the maximum brunt in the advertising world was the Out-of-home (OOH) segment. Considering people were stuck at their homes, OOH advertising had come to a complete standstill. The people who ventured out were greeted with empty hoardings, or hoardings that spoke about the coronavirus and the precautions one can take to prevent it from spreading. However, with the festive season round the corner, is there a chance of some growth coming back to OOH? Experts feel there are a lot of factors that will impact the growth. It is a fact that the number of Covid-19 cases are still on the rise in the country. So how the festive season turns out to be will also be dependent on where we stand in terms of the pandemic in the next month. Consumer sentiments will turn once things start getting better and they feel the confidence of going out again. However, since the industry saw almost a washout during the weeks of the strict lockdown, even if the festive season is around 40-50% of what it is every year, we are still some time away from things getting back to normal. According to a recent report by Pitch-Madison, overall, OOH advertising in India declined by 55% in the first half of the year and closed at Rs 760 crore. ‘On account of this, OOH’s share of total AdEx, which has always been above 5%, has come down to 4% in H1’20,’ stated the report. The story so far Owing to people being stuck at home, sectors like OOH and experiential were impacted badly. People weren’t going out, so there was no point in advertising. “The months between April to June were a complete washout for the OOH business. However, with the festive season ahead of us, we are having conversations with advertisers. When it comes to the festive season, the most important thing is the positioning of the dates. Luckily this year, Mahalaya (Day 0 of Durge Puja) is happening at the end of September, which is a full month before the Puja actually starts. So that gives us some breathing space,” said <keyword id="939652" type="PERSON" weightage="20" keywordseo="Noomi-Mehta">Noomi Mehta</keyword>, Chairman and MD, <keyword id="3910022" type="COMPANY" weightage="20" keywordseo="selvel">Selvel</keyword> One. He shares that compared to last year, Selvel might see revival of anywhere between 25-40% during the festive weeks. “Even a 25-40% revival is a big deal because we have been at 0,” he added. He said that the fact that a lot of campaigns have been pending for the past 6 months will ensure that advertisers slowly start launching them. For <keyword id="2015316" type="PERSON" weightage="20" keywordseo="Times-OOH">Times OOH</keyword>, that has a strong presence in transit media (one of the worst impacted segments), recovery has been slow. While airports have opened up, the footfall is still only picking up, advertisers are still wary. “While a lot of advertisers are coming back slowly because brands advertising at airports are long-term advertisers, a lot of them have been asking for discounts and price reductions due to low traffic,” shared <keyword id="6814809" type="UNKNOWN" weightage="20" keywordseo="Aman-Nanda">Aman Nanda</keyword>, Chief Strategy Officer, Times OOH. If traffic is down by 70%, brands are looking for a 70% cut on the rate-card. “And that has been one of the major challenges for us,” added Nanda. However, according to <keyword id="2967121" type="PERSON" weightage="20" keywordseo="Dipankar-Sanyal">Dipankar Sanyal</keyword>, CEO, Platinum OOH, things are slowly starting to move in the right direction. “As the unlocking is happening in phases, more and more people can now be seen on the streets across cities in India. The mobility reports also shows that we are 60% of pre-Covid levels of people on all roads. The number of advertisers in OOH is also increasing,” he said. A few facts While <keyword id="6366797" type="COMPANY" weightage="20" keywordseo="Delhi-Metro">Delhi Metro</keyword> started operating from this week, airports have been open for a while now. The Delhi Metro ferried around 15,000 on Day 1 and on Day 2, the number had swelled to 8000 people taking the yellow line in the morning. Last week civil aviation minister Hardeep Puri said that as the centre had allowed flight capacities to be increased to 60%, domestic flight operations were picking up. As of September 6, total number of footfall at airports has been 2,85,577 (data from the Ministry of Civil Aviation). With this, the overall confidence of passengers as well as advertisers is growing steadily. A recent GVK-led'Restart Feedback’ Survey for Mumbai Airport reveals that 99.6% passengers find air travel to be the most reliable mode of transport. Moreover, 54.7% passengers are flying primarily for business purposes. The Survey displays a change in the purpose of travel for passengers, with business travel gaining momentum at the Mumbai airport. With airport safety measures, passengers are ready to fly even twice a month. Passenger satisfaction with the safety measures at the airport inspires confidence to travel by air more than once a month. Wooing advertisers back to OOH Over the past few months, hoardings across most cities have either been empty, or being carrying coronavirus advisory. However, with unlock being done across the country, people are coming out and this is a good time to grab people’s eyeballs. So how is it that OOH media owners and agencies are talking to advertisers about the importance of OOH and bringing them back to the medium? “At <keyword id="2712628" type="PERSON" weightage="20" keywordseo="Posterscope">Posterscope</keyword>, we have always maintained that OOH is a powerful medium that adds value to any communication plan. The recent study done by Posterscope along with its partners establish strong indicators that OOH adds a significant boost to campaigns when used in the right context and with relevant content. While many of our advertisers have seen the value of this others are beginning to warm up to this fact as well,” shared <keyword id="3151002" type="PERSON" weightage="20" keywordseo="Fabian-Cowan">Fabian Cowan</keyword>, Country Head, Posterscope India. On how OOH plays an important role in delivering high-impact messages, <keyword id="207494" type="PERSON" weightage="20" keywordseo="Amarjeet-Singh">Amarjeet Singh</keyword>, Chief Operating Officer, Laqshya Solutions said, “OOH propels the concept of Zero Touch media for the viewers and with traffic back on road, it is gaining the preference with each passing day. Strategic planning enables OOH to deliver the message and create an impact which is remembered for a long time. Good creatives with a strong OOH-cum-digital plan willhave great outcomes. In most cities, traffic is at least 70% of normal, while in cities like Delhi, it is estimated to be at 88%, based on telecom data. In the present circumstances hyper-local content has garnered great importance. OOH is best suited for hyper-local content. OOH as a medium allows the advertiser brand to customize campaigns locally to deliver messages relevant to that area.” Having said that, Mehta expressed his disappointment at brands not doing enough on OOH in the month of August. “Brands have lost a great opportunity to really drive a message home in the month of July and August when traffic was gradually increasing on Indian roads. This was the time when brands would have got the space at really low rates and would have got a great spread across the city. Even if it would have reached half the normal number of people, they would get double the bang for their bucks because there nobody else was advertising despite people being out and about. It had the potential of giving their communication a massive recall value, at a much lower cost.” Agreeing, Nanda said that this could have been a time when brands came up with campaigns to build a stronger connect with their consumers. “We have written several papers on how during a slowdown consumers look for some reinforcement and reassurance from brands. And communications like this helps them in brand building. Moreover, everybody knows that OOH is the nearest to the point of sale. You can really pin point which markets and cities are open. So if you really plan your campaigns well, OOH works very well in doing targeted campaigns to help sale of your products in particular areas,” explained Nanda. What the industry is doing as a whole to minimize the impact? Considering the impact on the medium so far, there will need to be a proper recovery plan in place. However, is the OOH industry as a whole doing something to minimize the impact? Sanyal said, “It goes without saying that the industry is doing everything possible across board to make sure advertisers are back in our media. I see the level of engagement that is happening at every level is very reassuring. So if you look at traditional media it was initially wooing through sweetened deals followed by hard to data to give reassurance to the advertisers of the increasing footfalls. In activation which is worst hit sector in outdoor has been doing stores on wheels and RWA engagements. The emergence of e-meeting platforms and CSR activities like distribution of face masks, sanitisers etc have kept the industry busy in the event sector. In retail we have seen how the signage game is changing with the new Covid norms of social distancing, sanitisation and minimal contact while transacting.DOOH is slowly gaining prominence as the malls and airports come back to life. So every section of OOH industry is adapting to the new norms and coming up with solutions for the advertisers.” “ The industry is indeed fighting back with several strategies including focus on Tier 2/3 markets, package rates (city specific as well as multi cities), use of Audience Measurement Tools (Laqsha Media has the most advanced metric platform in India) and of course some degree of price rationalization. The recent licensee fee waiver by various Corporations &amp; government bodies has greatly helped OOH owners to offer discounts. Agencies are also working on giving better ROI to clients for their OOH campaigns,” shared Singh. On what his advice for brands is, Mehta said, “I would ask them to take off their blinders. OOH combined with a bit of social media has the potential to make your brand viral. Brands should use this opportunity.”

Why this is a good time for advertisers to start spending on OOH

<ul><li>In this new year, we want to crystal gaze into what the year has in store for the industry.</li><li>In today's feature, we talk to experts from the out-of-home industry who give us a sense of what one should expect from the <keyword id="2014281" type="ORGANIZATION" weightage="20" keywordseo="OOH">OOH</keyword> industry in 2021.</li></ul>The Covid-19 induced lockdown last year hit the out-of-home industry hard. With people not venturing out for weeks, billboards across the country were left empty. April, May and June almost witnessed zero business. However, as the country started opening up, advertisers started coming back to the medium, slowly but steadily. The festive season, while holding a lot of expectations, did not see the kind of enthusiasm from advertisers as was expected. Everyone was in the ‘let’s-wait-and-watch’ phase, with brands being cautious of spending too much on advertising. However, now despite the virus still being around, people are out and about. And with vaccines soon expected to hit the markets, things will only look up from here. And with increasing mobility with each passing day, one can only hope for things to keep improving. While we might still be some time away from a complete recovery, the process has already started. Segments like OTT, real estate and FMCG have always been big spenders on the medium and with people slowly resuming travel, more and more advertisers are coming back too. It is also expected that 2021 could finally see the boost that Digital OOH has been waiting for in India. We reached out to experts from the OOH ecosystem to understand their expectations from 2021 and here’ s what they had to say. <keyword id="939652" type="PERSON" weightage="20" keywordseo="Noomi-Mehta">Noomi Mehta</keyword>, Chairman &amp; MD, <keyword id="3910022" type="COMPANY" weightage="20" keywordseo="selvel">Selvel</keyword> One <div type="image" title="Noomi-Mehta" msid="80170862" hostid="261"></div> 2021 will be a defining year because the classic form of OOH will not rebound to the extent that we hope it to. I don’t think the normal hoardings across the country are going to be filled, they won’t get the level of occupancy we are looking for. The shift towards digital is extremely clear to me now. Clients are moving their monies to digital not because of any particular reason but because it is one medium that gives them the most accountability where it is possible to measure and trace the actual performance vis-à-vis the money spent. The same is going to happen to outdoor, which is why the recent initiatives we’re taking, to establish a common currency of measurement, is going to be of paramount importance as we move ahead and will lead the way forward. If we’re able to achieve this by the second half of the year, outdoor as a medium will take off definitely. <keyword id="2406965" type="PERSON" weightage="20" keywordseo="Atul-Shrivastava">Atul Shrivastava</keyword>, CEO, <keyword id="2911687" type="PERSON" weightage="20" keywordseo="Laqshya-Media-Group">Laqshya Media Group</keyword> <div type="image" title="Atul Shrivastava - Group CEO - Laqshya Media Group" msid="80170929" hostid="261"></div> The OTT platforms have seen a huge spike in users over the last several months. As the pandemic is slowing down in India, these platforms will invest in both content and the advertising of the content to keep the growth rates up. As per the available data, the unprecedented rise in subscribers in the first half of the year is gradually slowing down. With 60-70% growth witnessed around May, figures for monthly subscriber rise have now reached around 20%. The subscription war is imminent and the platforms must use smart advertising to make their respective brands stronger. The unique suitability of OOH to the digital platforms business has received a lot of business and academic attention – and we expect a lot of the ‘conventional' brands to learn from the experience of OTT platforms. It is because of this compatibility between OTT and OOH that we dominated the promotion of shows on OTT Platforms over the last couple of years. Post the lockdown, OOH came back with a bang. Most visible campaigns were launched by ZEE5 and a few others. Important to note is that India's homegrown platforms, too, have emerged as strong players in OTT category and as leaders in the smart use of OOH media. As per the recent WARC Report, OOH is globally forecast to be the second-fastest growing medium in 2021, with ad spend rising by a fifth (20.2%). We expect this rally to happen in India as well. <keyword id="6814809" type="UNKNOWN" weightage="20" keywordseo="Aman-Nanda">Aman Nanda</keyword>, Chief Strategy Officer, <keyword id="2015316" type="PERSON" weightage="20" keywordseo="Times-OOH">Times OOH</keyword> <div type="image" title="Aman Nanda" msid="80171052" hostid="261"></div> The year 2020 has reaffirmed our faith in the power and impact of OOH media to drive audience sentiment at scale. New categories such as OTT entertainment, online education and hygiene products emerged as the biggest spenders, and OOH spends have shifted from business districts to residential areas, as people are spending more time around their own neighborhoods. The pandemic has also sprung fledgeling remote client relationships, and our team has adapted to remotely working to deliver the best OOH solutions to our esteemed clients across India. Ajay Mehta, Founder and MD, Interactive Television (iTV) and MD, Kinetic India <div type="image" title="Ajay Mehta, Managing Director of Cinema (ITV) and OOH (Kinetic)" msid="80171113" hostid="261"></div> 2021 will be a watershed year for the OOH Industry. From the lows experienced by the industry amidst the lockdown, the industry will start rising aggressively and will clock an extremely high growth rate. This will be on the back of multiple factors including normalising of people <keyword id="1058872" type="UNKNOWN" weightage="20" keywordseo="out-of-home">out of home</keyword>, to new touchpoints to demand from OOH heavy categories like Auto and OOH. While people interpret the Out of Home Industry as a medium that lacks data points and measurement, the fact is that some of us from the Industry have used the time during the pandemic to create several tools and initiatives which use multiple data points to enable advertisers to plan, execute and measure their investments based on deep insights. 2020 has just been the start of this and I see this trend sustaining and gaining traction in 2021. This year will also see new touchpoints coming into the limelight and programmatic and Digital Out of Home will drive this. Lastly OOH is an impact medium and to achieve the same, we see advertisers demanding more innovative solutions to achieve the same. Fabian Trevor Cowan, Country Head, Posterscope India <div type="image" title="Fabian Cowan Picture" msid="80171199" hostid="261"></div> Every season has its lipstick trend and just because your perfect color is a pinky beige, that doesn’t mean you can’t wear deep burgundy - Bobby Brown This quote pretty much supports my take on the OOH trends for 2021. For the last 230 plus years of its supposed official existence, the OOH medium has witnessed many trends but has always maintained and reinforced its core survival traits of high visibility, high impact and high contextual capabilities. This will continue to be its core growth areas in the future as well. 5 trends that will only help reinforce these attributes will be ‘increased bandwidth speeds’ on the back of the 5G possibility, which will aid DOOH solutions. Usage and inclusions of ‘Diversified data-sets’ will become the norm rather than an exception in planning for OOH. ‘Automated’ platforms’ will be the natural progression for DOOH networks. ‘Tech collaborations’ will come to the fore to enhance the DOOH solutions, making them more realistic and impactful and lastly ‘OOH with a purpose’ will be the underlying premise for all brand communications in 2021 given that a post-pandemic world will seek more meaningful communications from brands.

OOH: What 2021 has in store for the outdoor industry

<div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div><ul class="summary-list"><li>Goldman Sachs announced its 2019 class of managing directors, with 465 new promotes getting the nod.</li><li>Of the 465 promoted, 29% are women, and 34% identified as an ethnic minority or LGBTQ.</li><li>The firm announces managing-director promotions every two years.</li><li>It's one of the most coveted positions on Wall Street, a step below partner at the premier investment bank.</li></ul><a href="http://markets.businessinsider.com/stock/GS-Quote"> Goldman Sachs</a> just announced a new class of 465 managing directors, and millennials comprised nearly two-thirds of it. The promotions, which are announced once every two years and are among the most coveted on Wall Street, put recipients one step <a href="https://www.businessinsider.com/goldman-ceo-solomon-offering-buyouts-to-partners-shrink-senior-ranks-2019-9">below partner</a> at the prestigious investment-banking firm.The 2019 class is smaller than the record-setting class of 509 in 2017, but larger than the class of 2015, which had 425 new MDs.It's also one the youngest classes the bank has promoted - 62% are millennials, up from 44% in 2017 and <a href="https://www.businessinsider.com/goldman-managing-director-list-2015-11">30% in 2015</a>.Other headline stats about the class:<ul><li>66% started their careers as analysts or associates at Goldman Sachs, equal with 2017.</li><li>29% of the class is women, up from 24% in 2017.</li><li>34% of the identified as an ethnic minority or LGBTQ: 26% are Asian, 4% are black, 2% are hispanic/Latino, and 2% are LGBTQ. </li></ul><h2>Here's the full list of all 465 new managing directors:</h2>Rashid Abdalla Angela Abramian-Katz Meredith Adams Keren Adan Vikas Agrawal Mike Ahern Edward Ainsworth Danny Akerman Temidayo Akinola Aaron Albert Eyas Aldossari Marsha Alexander Daniel Alger Asad Ali Brendan Ames Dipam Amin Rebecca Anderton-Davies Junnosuke Ando Ash Ang Timothy Arblaster Kenan Arkan Patrick Armstrong Cameron Arrington Cindy Au Anne-Victoire Auriault John Aurre Frederick Baba Andrew Bailey Tanya Baker Victoria Baker-Duly Venkatesh Balasubramanian Nick Baltas Maria Barron Baratech Luke Barrs Robert Bartlett Dennis Beeson Angus Bell Bob Bengtson Kerryann Benjamin Jeff Bernstein Adam Berry Michel Beshara Justin Betzen Praveen Bhagavathula Peter Biggs Ersen Bilgin Nathan Bird Simon Birtwistle Barnali Biswal Brittany Boals Moeller David Bodenstein Vanessa Bogaardt Kevin Boova Andrea Bora Said Boujnah Jeff Boyd Rachel Boyd Glyn Braganza Joyce Brayboy Pierre Brunet Keith Brunini Steven Budig Francisco Cabeza Kimberly Carabetta Sarah Card Marie Cardoen Gloria Carreno Jonathan Carter Osmar Castellani Junior Lucia Catalan Federico Ceresole Jeffrey Chao John Chappell Yogesh Chati Frank Chen Selina Chen Hakim Cherrouk Christopher Yiu Chung Cheung Tak Cheung Siddharth Chhabria Liz Chick James Chilcott Jon Child Naveen Choppara Leonard Chung George Cole Greg Collett James Colletti Kevin Conniff Simon Constant Charles Corke Krystal Cowan Ben Coward-Talbott Nerissa Cumberbatch Ryan Cunn Nadim Daban Brook Dane Abigail Darby Michael Daub Bill Davis Christopher Dawe Jeffrey Dawkins Adam Dawson Philipp de la Chevallerie Camille de Lamotte Frederik De Neree Joaquin de Soto Dan Deighton Manuel Deijk Stefanie D'Elia Lena Demashkieh Michael Dente Philippe Derimay Bradley Diener Michel Dimitri Angelo Diotisalvi Natalia Dobrinskaya John Doherty Matthew Doherty Jerome Dortmans Hamish Douglas Crista Downey Andre D'Souza Alexander Dupont Brett Durick Tsuyoshi Egawa Gaudenz Eichenberger Nnaemeka Eke Bill Elfsten Abel Elizalde Russell Elliott Scott Epperson Robert Fama Meriem Feghoul Xinyi Feng Roger Fenningdorf David Fernandez Morgan Fitzpatrick Ryan Flanagan John Flood Kellan Florio Kerry Flynn Jeremy Follett Anneliese Foster Fabrice Francois Marissa Freund Anders Furuhed Sebastien Gagnon Timothy Galligan Francesca Gardner Raj Garigipati Brian Garrett Douglas Gilman Aaron Goldman Jeremy Goldman Sanyam Goyal Ricky Grant Steven Gray Jules Gruner Shao Ping Guan Anushka Gupta Sonia Gupta Arvind Guruprasad Itir Guvenc Mungan Raymond Haagen Andrew Haave Sylvia Hadjimamas Terry Hagerty Sharon Hall Jeff Haller Scott Hankey Sara Hanlon Tom Haraldsson Alex Harman Lauren Havens Ken Hayahara James Hayward Tom Healy Victoria Hegan Michael Heller Paula Hendrickson Evan Herring Schuyler Heuer Daniel Hibbert Andrew Hine Megan Hogan Yoomin Hong John Hooton George Horton Dan Howard Christine Hu Katie Hyde Nicole Irvin Ahmed Ismail Kumar Iyer Philip Jacob Raphaelle Jacquemin Rajan Jain Rich James Marene Jennings Kyle Jessen Natasha Jhunjhunwala Brandon Johnson Geddes Johnson Milind Joshi Sojin Jung Amy Jupe Michael Kagan William Kallop Jordan Kaufman Charlotte Keenan Maxime Kennel Aron Kershner Ronald Keung Eugene Khafizov Feroz Khosla Kieron King Tom Knott Simon Knowles Sarah Kong Scott Konicki Robert Koslow Kunal Koya Elisabeth Kozack Joanna Kozlowski Kristin Kramer Jason Kreuziger Daniel Krinsky Kristin Kuney Casey Laflamme Beyrouthawit Lakew Mikael Lang Mark Langham Francesca Lau Karmen Lau Victoria Ledda Adrian Lee Sara Lee Niall Leguillon Chip Lemkau Marie Claire Lennon Matthew Leskowitz Ryan Lester Curtis Leung Jacky Leung Giulia Lewandowski Christian Lhert Aihua Liang Chi-Yu Liang Mony Lim Nyan Lin Tobias Lindemann Jon Lindgren Ada Liu Adrian Loh Syida Long Lorenzo Pasquale Longo Alexandre Lucas Michelle Luk Amanda Lynam Chris Lyon Srivats Madhavan Alok Madhukar Devasish Majumdar Salome Makharadze Shun Manabe James Mann Todd Mansfield Corey Maple Ivan Martinez Farzad Mashayekhi Morad Masjedi Michael Mastropaolo Moe 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Goldman Sachs' new managing-director list is out, and millennials dominated the class

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Why this is a good time for advertisers to start spending on OOH

Samarpita Banerjee

OOH: What 2021 has in store for the outdoor industry

Samarpita Banerjee

Goldman Sachs' new managing-director list is out, and millennials dominated the class

Alex Morrell,Dakin Campbell

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