Episode 283: Industry Trends Driving Innovation Now with Bill Petrie and Kirby Hasseman

18 Aug 2023 · 36 min
35:42

In this episode of the promotional‑products podcast, host Ritika Chhikara interviews industry veterans Bill Petrie and Kirby Hasseman to unpack the biggest trends shaping the sector. The conversation begins with a look at how industry size is measured (PPAI vs. ASI) and whether distributor size drives innovation, sparking a debate about agility versus cash resources. They then explore demographic shifts, emphasizing the importance of diversity of thought over simple demographic representation. Supplier innovation is examined, noting the difficulty new suppliers face, the lingering impact of COVID, and the niche innovation coming from narrow‑focus suppliers. The hosts discuss how distributors are evolving service models—adopting agency‑style offerings, in‑house video, digital marketing, kitting, and a shift from pure sales to marketing mindsets. Technology’s role is covered across three lenses: client‑facing tools (Common SKU, Facilis), operational platforms, and e‑commerce/self‑serve portals, with a consensus that many distributors are still hesitant. Content strategy trends are highlighted, especially the rise of short‑form video (shorts) across platforms, the continued relevance of podcasts and blogs, and the need for variety. Both guests describe their daily use of AI (ChatGPT for copy, Midjourney for graphics) to accelerate ideation. Personal motivations surface as they describe their weekly “promo up front” sessions as therapeutic collaborations and discuss how writing serves as catharsis. Margin pressure, the post‑COVID service landscape, and the influence of industry lists are also examined. Finally, they share recent books, podcasts, and thought leaders (Seth Godin, Alex Hormozi, Anthony Melchiorri) that have reshaped their thinking, and they reflect on the value of diverse content consumption habits.

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