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But more so its a chance for companies to fix their reputation and focus on building capital (and paying off some debts in the case of General Motors and Chrysler). Internet advertisers, Search Engine Optimization gurus, public relations agencies, magazines and ezines, television, newsprint, etc are all set to cash in on the shift back to a bull market.
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“Over the past 18-24 months PR has fundamentally changed." says Judy Lewis from the PR agency 'Strategic Objectives'. "Simultaneous to the economy bottoming-out, social media and digital PR blossomed. Today, it’s all about reinvention and recognizing the tremendous new opportunities and new channels available to PR pros."
But then there's also the G8 Summit followed by the G20 Summit (which really should be called the G25 because there's 5 other heads of state attending as "guests"). In theory the economy should be dominating their discussion.
And perhaps it will.
But there's also the possibility the looming war with North Korea might be a major topic of discussion too, behind closed doors. China, Japan and South Korea have much to talk about with respect to mutual defense.
And then there's the BP Oil Spill and its economic effects. But thats more of a topic for the G8 and G20, not the IABC. I don't think any amount of PR work will save BP's assets at this point.
The IABC conference will have 1,400 communication experts from 40 countries here in Toronto for 4 days of learning how to get their message across. When they leave its presumed they will be better equipped to promote/sell green cars, encourage people to cut back on their water usage, remind people to buy the latest blockbuster Blue Ray discs as opposed to just downloading the film online (which is obviously the future), go out and buy the new iPad... and of course support the War against Terror.
Oh wait, are we still supposed to be doing that?
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You'll notice I used the word "tar" instead of oil. When I was growing up that was what it was called: The Alberta Tar Sands. It was only in the late 1990s that the words "oil sands" began being used. Thank the PR agencies for that one. Oil sands just sounds cleaner somehow and ignores the reality of the tar pits.
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For example a lot of companies out there are converting their products to greener / more environmentally friendly versions (or in some cases even going organic). ie. Green & Black’s Organic Chocolate; natural antioxidant-rich Tetley Red tea; Kraft Liv-Active probiotic cheddar; Clorox’s new line of green cleaning products... you get the picture.
As North American companies and consumers become more environmentally conscious PR agencies and advertisers hopping on the Green bandwagon are guaranteed to be neck deep in a different kind of green... $$$.
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