With the major economic slump of 2023, including several banks collapsing, the B2B market was hit hard. This challenging period is now known as the Great Tech Stall among marketers. As a reaction, many companies around the globe are reducing their budgets while at the same time scrambling to keep up with buyer expectations. The struggle to accelerate digital transformation at the same time was no easy feat either.

In the competitive realm of B2B sales, gaining a spot on a potential buyer’s shortlist can make all the difference. Surprisingly, research indicates that a significant majority of B2B buyers already have a set of preferred vendors in mind even before initiating the purchasing process.