Kantar BrandZ Insights from Brand Builders 2024: A conversation with Marcel Marcondes, Global Chief Marketing Officer, AB InBev
Jun 14, 2024
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Marcel Marcondes, Global CMO at AB InBev, discusses the importance of brand in driving growth. AB InBev's success with brands like Budweiser and Corona in the top 10 most valuable global beer brands. They focus on building iconic brands with global consistency and local relevance. Explore how Corona became the most valuable beer brand by combining functional and emotional elements. Learn about AB InBev's strategies for identifying new spaces for brand growth through consumer insights and their partnership with the International Olympic Committee in the non-alcoholic beer market.
Balancing local and global brands is crucial for success in the beer industry.
Creating iconic brands requires a balance between emotional and functional needs of consumers.
Deep dives
Building Strong Brands
Brands are crucial assets for organic growth in companies. They must address both functional and emotional needs of consumers to create iconic brands that are loved and understood by consumers. Maintaining this balance is vital to ensure brand-led and consumer-centric growth.
Local vs. Global Branding
In the beer industry, balancing local brands with global brands is essential. Local brands reflect local culture and values, while global brands provide credibility and aspiration. Understanding consumer insights helps create a successful approach that combines local pride with international appeal.
Corona's Success Story
Corona's success lies in seamlessly integrating emotional and functional aspects. Emotionally, Corona inspires people to disconnect from stress and reconnect with nature, while functionally delivering with 100% natural ingredients. Consistent brand messaging, like Corona sunsets, and sustainability efforts have contributed to its global success.
As part of the 2024 launch of the world's most valuable brands, Martin Guerrieria, Head of Kantar BrandZ, talks with Marcel Marcondes, Global Chief Marketing Officer, AB InBev about the increasing importance of brand in driving growth. AB InBev’s portfolio includes more than 500 global and local brands; one in every four beers sold globally is an AB InBev product. Corona is the most valuable global beer brand in the 2024 Kantar BrandZ global ranking, and a newcomer to the Global Top 100. Hear more about how AB InBev ensures its business is brand-led and consumer-centric.