In this episode, I am talking to one of the titans of our industry, someone who I think has had a bigger impact on our industry than perhaps anybody else. He is Sir Martin Sorrell founder of WPP, the biggest holding company in the world.
He has since gone on to set up S4 capital, so now finds himself in the challenger position rather than the dominant player. I wanted to talk to Sir Martin about what he sees as the biggest challenges facing our industry today and what are the disruptions coming down the line that are going to shape our industry in the future?
What's his advice to CMOs? What does CMOs need to care about and what should they be doing? What skills they need to deal with the challenges coming at them in the world today. And because this is a special edition recorded live at the Cannes Lions Festival, I wanted to ask him about AI.
Timestamps
00:00 - Intro
01:11 - Background
07:18 - How do you assess the state of creativity now?
12:02 - what should CMO’s be concerned about?
16:08 - How real a game changer is AI?
18:34 - Do we lose creativity with AI?
26:19 - What skills do marketing teams need to make the most of AI?
29:01 - What will be the biggest disruption to our industry in the next 10 years?
32:08 - What advice would Sir Martin give his younger self?
39:35 - Ethical considerations about how advertising uses our personal data
41:26 - Biggest decision Sir Martin regrets making
43:01 - What was the secret to the growth of WPP?
45:33 - Why start again after exiting WPP?
46:21 - How close is Succession to the Murdochs?
47:34 - Tell me something you’ve never told anyone
48:50 - What would Sir Martin’s fantasy agency look like?
