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Cummins Executive Summary

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Executive Summary Cummins Inc., SIC-3510 Engines and Turbines, is a global organization that is known for designing, manufacturing, and distributing engines, filtration, and power generation products. They are a Fortune 500 company whose mission is that “everything [sic] they do leads to a cleaner, healthier, safer environment.” They developed a comprehensive environmental sustainability plan in 2014 in effort to make the world a better place for their consumers now and in the future. The economic performance of Cummins is directly influenced by the markets in which its products are sold, particularly in the construction, on-highway, and industrial markets. As the demand in these high performing markets varies with changing economic conditions, …show more content…

In 2014 the company returned 50% percent of the cash from their operations to the shareholders. (Sustainability, 125) For customers, Cummins goal is to deliver real economic benefits. They do this by providing reliability, durability, and low cost of ownership with the performance that customers have come to depend on and know. Complying with Regulators is a priority for Cummins. This could mean meeting environmental regulations to financial regulations. By doing so, the company stays in good standing with the regulators allowing them to work on those that are not. Cummins has made an effort to work on diversifying their procurement. This could be from female and minority owned business suppliers to adding suppliers from regions not normally in Cummins supply chain. Cummins is always working to give back to the communities on many fronts from allowing employees to use 4 hours of company time to support community service work activities. They have also taken major steps to reduce their environmental impact in the regions they operate in. Cummins believes that building stronger communities build stronger markets for their products. (Sustainability, 74) External …show more content…

The global power generation industry went into dip in 2009, but recovery has been swift and is set to continue towards 2017. According to MarketLine, the global power generation industry is expected to have a value of approximately $1,747.3 million in 2014, an increase of 7.5% over 2013. MarketLine anticipates that the industry growth will accelerate further and reach a value of approximately $2,103.8 million by the end of 2017, an increase of 20.4% over 2014. Cummins is a global provider of power generation systems, components and services for a diversified customer base including standby power solutions, distributed generation power solutions and mobile power solutions. The company through its power generation segment designs and manufactures most of the components that make up power generation systems, including controls, alternators, transfer switches and switchgear. The company's power generation segment operates through power products, power systems, generator technologies and power solutions. Thus, the accelerating global power generation industry could help Cummins to boost up its revenues and market share. (Cummins Sustainability Report,

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