Abstract geometric composition illustrating 2023 in three words: trust was everything

December 2023 ยท Brand Strategy

2023 in Three Words: Trust Was Everything

Sports Illustrated lost it by faking human authorship. X lost it by being actively hostile to its own ecosystem. Google risked it with a misleading AI demo. OpenAI nearly lost it in a five-day gove...

I'm writing this from my couch in Portland, cats flanking me like furry sentinels, reflecting on a year that broke a lot of things marketers used to take for granted. And the through-line, the thing connecting every major brand story of 2023, is trust. Who has it. Who lost it. Who never had it and got exposed.

And the through-line, the thing connecting every major brand story of 2023, is trust.

Sports Illustrated lost it by faking human authorship. X lost it by being actively hostile to its own ecosystem. Google risked it with a misleading AI demo. OpenAI nearly lost it in a five-day governance crisis. Influencers are slowly losing it through oversaturation. The entire cookie-based advertising infrastructure is losing it by regulatory force.

When the Fyre Festival documentary revealed that models were paid $250,000 each for a single Instagram post, it quantified something we already suspected: the influencer economy had decoupled completely from value creation.

And the brands that won this year? They earned it. Taylor Swift earned it through decades of consistent audience respect. Stanley earned it through 110 years of product quality. Barbie earned it by trusting audiences to be smart. Beyonce earned it by building a world worth believing in.

The pattern is undeniable: in a landscape of increasing noise, decreasing attention, and ambient skepticism, trust isn't just a nice-to-have brand attribute. It's the prerequisite for everything else working.

No trust, no organic advocacy. No trust, no premium pricing. No trust, no community. No trust, no resilience when things go wrong. And things always go wrong.

Three strategic predictions for 2024, all rooted in trust:

One: brands that invested in first-party relationships will dramatically outperform those still relying on third-party data. The cookie delay gave everyone more time. The brands that used it will separate from those that didn't.

Two: authenticity will become the primary differentiator in influencer marketing. The era of polished, obviously-paid content is ending. Raw, honest, imperfect content from genuine users will outperform produced sponcon by an increasing margin.

Three: AI transparency will become a brand trust signal. Companies that clearly communicate how they use AI, and how they don't, will build trust while those that obscure or mislead will face Sports Illustrated-style exposure events.

Looking back at 2023, I keep thinking about something Simon Sinek said about how people don't buy what you do, they buy why you do it. I'd add a corollary: people don't trust what you say, they trust what you repeatedly demonstrate. Trust isn't communicated. It's accumulated. It's the compound interest of consistently doing what you said you'd do.

That's boring advice. It's not a hack. It's not a framework with an acronym. But it's the truth that 2023 kept proving over and over, to anyone willing to pay attention.

Here's to 2024. May your brands deserve the trust they seek.