Friday, June 14, 2024

Walmart Vriddhi announces MoU with Dun & Bradstreet to strengthen MSMEs in India

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Dun & Bradstreet, a business data and analytics provider, and Swasti, the program partner of Walmart Vriddhi, have announced a Memorandum of Understanding (MoU) to strengthen support for micro, small, and medium-sized enterprises (MSMEs) across India.

The Walmart Vriddhi program provides free training, mentoring, and digital tools to help small businesses grow, scale, and integrate into domestic supply chains. Dun & Bradstreet enables companies around the world to improve their business performance.

The MoU aims to expand business support services for participating MSMEs. Dun & Bradstreet will provide D-U-N-S® Numbers to all MSMEs registered for the program. The D-U-N-S® Number is used as the starting point for any company’s Live Business Identity, which ensures an accurate and up-to-date view of organizations, and enhances the credibility of MSMEs that seek partners or capital in the course of their business. A D-U-N-S® Number is assigned through Dun & Bradstreet’s patented identity resolution process.

Dun & Bradstreet will also provide two learning modules focused on Government schemes for MSMEs and ESG. These modules aim to simplify the complex information sought by MSMEs, enabling them to identify the appropriate programs and opportunities for scaling their businesses.

Jason Fremstad, Senior Vice President-Supplier Development, Walmart, said, “Through this partnership, we are channeling the expertise and resources of both Dun Bradstreet and Swasti to further a holistic ecosystem for MSMEs to excel in the e-commerce landscape. This will help small businesses unlock more growth opportunities. We hope to see these businesses thrive in the digital economy and scale to new heights.’’

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