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Crisp and The Trade Desk to Provide Marketers with Store Availability Data to Optimize Media Campaigns
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
The Trade Desk (NASDAQ:TTD) has announced a pioneering collaboration with Crisp, enabling brands to utilize real-time, SKU-level inventory data for more effective digital media buying. This integration allows marketers on The Trade Desk platform to access daily shelf availability information, facilitating optimized advertising strategies based on actual product presence in stores. The partnership aims to enhance advertising efficiency and reduce media waste linked to supply chain issues, ultimately driving sales and benefiting marketers.
Positive
Partnership with Crisp enables access to real-time SKU-level inventory data.
Improved advertising optimization based on actual product availability.
Potential for enhanced sales and reduced media waste due to supply chain issues.
Negative
None.
For the first time, brands will have inventory data from 40 retailers to activate digital media buying based on in-store availability
NEW YORK--(BUSINESS WIRE)--
Crisp, the open data collaboration platform for brands, distributors and retailers, announced today an industry-first partnership with global advertising technology leader, The Trade Desk (NASDAQ:TTD) that allows marketers on The Trade Desk platform to use shelf-level product data in their digital media buying. The solution provides marketers with daily SKU-level inventory data available for the first time on The Trade Desk platform. This valuable dataset enables marketers to optimize their advertising to markets where their products are available for purchase.
Prior to Crisp’s integration with The Trade Desk, marketers relied on historical data based on previous campaigns to inform advertising spend. With the new Crisp solution, a daily feed of shelf inventory data is automatically available as a data segment in The Trade Desk platform. Brands on the platform can overlay Crisp retail data with additional datasets to inform efficient advertising planning and decisioning that has the potential to empower marketers with the insights they need to optimize spend based on the most up-to-date product availability information.
“Inventory data at the store level can help marketers on the Trade Desk platform recalibrate and optimize advertising campaigns with the goal of driving real business results that translate into sales,” said Ben Sylvan, General Manager, Retail Data Partnerships at The Trade Desk. “With Crisp, we are enabling brands on The Trade Desk platform to allocate ad spend in a new and innovative way, which is when the product is on shelves, thereby aiming to eliminate media waste in areas with supply chain challenges. We welcome Crisp to our growing data marketplace that is helping brands make the most of their data-driven media campaigns.”
“Crisp’s partnership with The Trade Desk aims to solve the media guessing game through unprecedented visibility into retail product availability,” said Are Traasdahl, Founder and CEO, Crisp. “The Trade Desk is the platform of choice for advertising execution on the open web, and by integrating Crisp’s data, a brand’s advertising dollars can go significantly farther, and they can be sure they are spending in the right place.”
Crisp™ leverages the power of the cloud to connect and normalize retail data sources to provide real-time insights and trends. Food suppliers, retailers, distributors, and brokers use Crisp to manage supply more efficiently, reduce waste and skyrocket profitability. Learn more at www.gocrisp.com.
About The Trade Desk
The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe, and Asia Pacific. To learn more, visit thetradedesk.com or follow us on Facebook, Twitter, LinkedIn and YouTube.