Exciting News for Big Trade Shows: They Will Never Be the Same Again

July 14, 2020

Bob Priest-Heck

Bob Priest-Heck is CEO of Freeman, which he joined in 2011 with the acquisition of Wheelhouse Solutions. He has spent the past 25 years leading global technology brands and experiential marketing agencies, and was instrumental in the development and launch of Freeman’s creative and strategic agency services, as well as in creating Freeman Digital Ventures.

The following blog is a response to a recent article that ran on Barron's.

In case you were worried, trade shows are not going away, but they will forever change. And that’s an exciting thing.

We at Freeman extend our congratulations to Apple and its marketing teams. Apple's Virtual Worldwide Developers Conference (WWDC) was impressive – excellent, even. After all, it was organized by a company with incredible technology and message discipline wrapped in one of the most potent brand narratives, all built around user-centered design.

For WWDC, Apple leveraged all the advantages of a virtual production, ticking every box on the proverbial virtual event best practices list, from drum-tight messaging and exclusive content to high production value and access to informative and relevant experts.

We know first-hand how difficult it is to do this right. You name it, Apple nailed it.

The power of face-to-face

There is something unique and inimitable about actually being there. It’s why our friends in tech continue to rave about the WWDC event’s virtual elements, while also speaking wistfully of missing the live, in-person event experience.

And rightly so.

The energy exchange created through human connection has the power to deepen the moment, inspire change and build enough trust to move mountains.

Even after creating the iPhone, Steve Jobs knew the connections, conversations, unexpected discoveries, and the irreplaceable sense of being there – the serendipity of the live event – would not be replaced by the digital experience.

This is where the business of “live” comes into play: face-to-face marketing, eyeball-to-eyeball, live interactions that differentiate and enhance the entire experience. We’ve evangelized and advocated for the attendee experience, strategic design and alignment. We've gathered leaders from non-traditional disciplines — storytellers and filmmakers, strategists and creatives, technologists and scientists, and more smart, innovative thinkers focused on a core belief that a great attendee experience makes a live event irreplaceable.   

Freeman’s COVID-19 Attendee Pulse Research validates that point, with almost two-thirds (62 percent) saying they expect events to return as strong as they ever were before COVID-19.

Economic incubators for growth

For the millions of businesses that are the true life-blood of the economy, more than 80 percent of them small with many being women and minority-owned, it's essential to recognize the critical role events play as a massive incubator for innovation and economic growth.

Without trade shows and the uncountable and unexpected connections and opportunities they create and nurture, hundreds of thousands of businesses risk losing a critical and accelerated path to success and scale. 

It's worth noting, for example, that in 1977, a little 10-employee company introduced their Apple II at the West Coast Computer Faire in San Francisco and started a journey that would lead to them virtually hosting WWDC.

Without face-to-face marketing, the trust and access it brings, and the commerce it drives, are we condemning an Apple of the future to a much steeper, more protracted, more expensive and far riskier path to success? 

Focusing on the right attendee

Historically, the live events industry has focused on size and scale versus quality of attendee. Through benchmark work at Freeman, we know that not all attendees are created equal. In a post-pandemic world, companies can focus on getting the right people to the event – the key decisions makers, influencers, and brand loyalists that drive revenue pipelines for businesses. 

An integrated approach is necessary. In a post-COVID world, it’s easy to think we must shift away from in-person meetings and events. However, that’s not what anyone wants. We have asked exhibitors, attendees and brand marketers. They want to have face-to-face events. The bar will be higher.

Those of us in the live events space have a clear-eyed perspective on the industry’s strengths, weaknesses, opportunities and liabilities. We have known change was necessary. We have invested in virtual platforms, understanding their value and long-assuming that hybrid events would become a critical part of enhancing any size event portfolio.

Our industry is poised to move to a new, more relevant and valuable reality. Moving forward, trade shows will thrive by focusing on the live experience, making it easier for the right people to connect in person, while expanding to virtual audiences. 

We know we’re all going down a track at high speed as we approach a very tight and slippery turn. It will take skill, discipline, planning, and nerve to make the turn. We're ready for it. Are you?

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.