A recent report by Jupiter Research cites that corporate CMO's are experiencing greater pressure for ROI, and are increasingly dissatisfied with their advertising agencies and overall performance. Of course the pressure is on, and as the economy continues to slip this trend will continue and only get worse. Corporations, are seeking answers on survival, and what it will take to make it in the new economy, what's the shift that will be necessary in order to make it? great business for consultants....not for advertising agencies.
Bad news always tends to roll downhill, so as CMO's continue to experience pressure from their Boards, the trend of dissatisfaction will no doubt continue, perhaps it will mean some great opportunities for new "hybrid" agencies, or an all together different model for doing business. Another trend we might see is one where Corporations would absorb some of the traditionally outsourced marketing/advertising roles internally. This would make sense because of the deep pool of great talent that has been displaced, it would offer Corporations more control and cut out a significant expense.
It will be interesting to see where the new opportunities will exist.