Marketing Spending and Hiring Growth Slows Amidst Economic Uncertainty
The CMO Survey
MARCH 28, 2023
That’s a huge drop from 2022, which averaged 12 to 15 percent growth and below the long-term survey average (since 2010) of 5.6 In the B2C Product sector, superior product quality is now ranked as the top customer priority by 41.2 As a result of reduced spending, marketing organization size growth slowed to a 3.4 percent vs. 48.7
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