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Overcoming the Challenges of Industrial Marketing in a Digital-First World
by Chris Peer on Wed, Nov 27, 2024 @ 10:57
As we look toward 2025, the industrial sector is going to continue to rapidly change. A recent Forrester report predicts that industrial leaders will face significant marketing challenges for their businesses. Two trends will drive these challenges. They are:
- Generational shifts in buying power.
- The rapid rise of generative AI in marketing and sales.
Although AI holds immense promise, many industrial marketing leaders face difficulties implementing these technologies. At the same time, many of today's buyers expect a digital-first approach, and traditional sales and marketing methods no longer fit this model. This article will explore the key challenges industrial marketers must overcome to navigate these shifts and maintain competitiveness in the evolving market.
The Challenge of Adapting to the Digital Future
In the past, industrial marketers relied on face-to-face connections, but today's buyers want personalized online engagement and digital convenience. Marketing leaders struggle to balance traditional approaches with newer digital marketing strategies. In addition, B2B audiences can be highly technical and have complex sales cycles. These buyers demand personalized service, even as they rely on self-service tools such as specification sheet download platforms, engineering collaboration portals, and RFQ (Request for Quote) submission systems.
The role of marketing is constantly changing in industrial sectors. According to an October 2024 PwC Pulse Survey, 93% of CMOs say positioning marketing as a growth driver at their company is challenging, while 87% say not having what they need to personalize their marketing effectively is their primary challenge. Fully understanding the modern B2B buyer is an integral part of these challenges.
The Challenge of Understanding Today’s Industrial Buyer
Today’s buyers are more diverse and digitally inclined than ever. A one-size-fits-all marketing strategy no longer works. Forrester predicts that more than half of large B2B transactions (more than $1 million) will occur via digital self-service channels. Also, Gartner forecasts that by 2025, 80% of B2B sales will be digital. This highlights the need to focus on virtual engagement and personalized experiences. With buyers spending only 17% of their decision-making time with suppliers, your digital channels are now your lifeline.
The Challenge of Proving Marketing and Sales ROI with Data
Long and complex sales cycles and niche markets make proving ROI in industrial marketing a challenge. Data analytics is essential for precise forecasting, audience targeting, and performance measurement. Using metrics such as website engagement, lead quality, and campaign outcomes per channel, you can make informed, real-time adjustments to deliver meaningful results. Additionally, advanced metrics like customer lifetime value (CLV) and acquisition costs (CAC) enable you to connect your efforts to revenue growth and foster alignment across your teams. Custom dashboards that pull and analyze data from multiple sources empower you to track performance, spot opportunities, and make strategic decisions that strengthen all operations. The challenge of harnessing data is vital for one reason: Data is no longer only a tool—it's a critical driver of long-term growth.
The Challenge of Blending Physical and Digital Strategies
While digital marketing is important, traditional methods still have value. Trade shows, in-person demonstrations, and printed materials remain viable for building trust and fostering relationships. However, today’s buyers expect a seamless, multi-channel experience. A phygital strategy combines physical and digital marketing. It maximizes reach, captures more leads, and provides a cohesive brand experience. This hybrid approach is necessary to keep pace with changing buyer expectations and stay competitive.
The Challenge of Addressing the Complexity of Digital Tools
While integrating new digital technology will be vital to your success, the variety of platforms and technologies can be overwhelming. A cohesive and integrated tech stack is important to future-proof your marketing efforts. Tools like CRM, marketing automation, and revenue intelligence systems provide you with real-time business insights. These insights enable you to enhance the customer experience and boost your campaigns' success. They can also make your teams more efficient by automating workflows and providing a "single source of truth" repository for all customer data. The benefits of a robust tech stack far outweigh the challenges you may face in researching and implementing the best tools for your company.
The Challenge of Breaking Down Organizational Silos
Complex sales cycles and less in-person interaction can misalign sales and marketing efforts, which wastes resources and causes missed opportunities. One strategy that addresses this is sales enablement, which equips sales teams with the right resources, data, and training to achieve successful deal closures. Marketing supports sales enablement by creating targeted content, insights, and materials that resonate with prospective customers.
To foster further alignment it’s important to establish shared objectives and metrics. This includes defining qualified leads and tracking each customer’s progress throughout their journey, as well as creating feedback loops to encourage collaboration. Marketing should gain insights from sales about lead quality, and Sales should benefit from data-driven campaigns from marketing that address customer pain points. Regular communication and joint strategies will keep both teams working together toward shared success.
The Challenge of Keeping Up with Trends
Personalization and AI-driven solutions are reshaping how industrial businesses engage with audiences. AI tools can help you create tailored customer experiences that help optimize content delivery and predict customer needs. Yet, the pressure to deliver quick ROI and a lack of understanding of the limits and risks of using AI often lead to premature scaling back of investments. This short-term mindset undermines the potential long-term benefits, including enhanced customer relationships, improved sales performance, and better resource allocation.
In addition, a PwC survey reported that only 24% of CMOs strongly agree that they meet consumer demands for personalized marketing, while 87% say they don't have the resources to do so effectively. This is likely increasing the pressure to deliver a quick ROI through AI and other adaptive technology.
To succeed, embrace these trends and align them with your company's broader business goals. Investing in scalable AI solutions and personalized marketing approaches that integrate with your existing tech stack positions you to thrive even as trends and customer demands evolve.
Driving Growth Through Strategic Digital Marketing
Rapid change characterizes the future of industrial marketing. With generational shifts in buying power and the rise of AI, industrial marketers must adapt or risk falling behind. To thrive, integrate your essential digital tools, embrace personalized customer engagement, and ensure your teams have the necessary skills and platforms for effective data analytics.
While challenges will persist, those who stay ahead of the trends will position themselves for long-term success. A balanced, data-driven, and customer-centric approach enables you to remain competitive in a dynamic, digital-first marketplace.
Now is the time to evaluate your current strategies and the challenges your teams are facing. For more information about industrial marketing challenges and how SyncShow helps clients overcome them, download our new ebook, “Does Marketing Really Work for B2B Companies?”
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