Sources close to the review have indicated a request for proposal was sent to the agencies involved at the beginning of the week. The business is thought to include creative and digital.
Goodyear has traditionally taken a product-by-product approach to its advertising, appointing different agencies to different briefs. It also has a decentralised structure, with local offices having a large amount of control over marketing activity.
“Recently it has seen brand equity being eroded through this tactical approach,” said one source close to the pitch. “It wants to have a look at a more brand-oriented approach.”
In July, Goodyear appointed Euro RSCG Bangkok to handle the regional creative for new tire brand DuraPlus. The agency won the business after a three-way pitch.
Goodyear’s Q2 profits for 2009 in Asia-Pacific of US$57 million was a record for the region in any quarter, driven by growing volumes in China and in India.