What are the benefits and challenges of using digital platforms as distribution channels?
Digital platforms, such as websites, apps, social media, and online marketplaces, have become increasingly popular as distribution channels for businesses of all sizes and sectors. They offer many benefits, such as reaching a wider and more diverse audience, reducing costs and intermediaries, enhancing customer experience and loyalty, and enabling data-driven insights and innovation. However, they also pose some challenges, such as increased competition, regulatory and legal issues, cybersecurity risks, and customer expectations. In this article, we will explore some of the key advantages and disadvantages of using digital platforms as distribution channels, and how to overcome some of the common obstacles.