"At Cummins, we are a family of interrelated businesses that create extra value by working closely together. The Engine Business, Power Generation Business, Components Group and Worldwide Distribution Business share common capabilities such as technology, distribution, joint venture partners and common global customers for cross selling, as well as corporate and administrative services.
Our diverse workforce is fundamental to the successful execution of our business strategy. Our 28,000-plus employees operate across cultures, functions, language barriers, time zones and many other differences to solve the technical and logistics challenges of a worldwide customer base.
Embracing the diverse perspectives of all people, to benefit from the many and varied talents they bring to business opportunities, helps us deliver the best products and services at the lowest total cost to customers around the world. Placing a high value on Diversity is fundamental to fulfilling our Vision of making people's lives better by unleashing the power of Cummins."
Former Chairman and Chief Executive Officer
Minorities represent 26% of the population of the United States, but minority businesses represent only 9% of total businesses, 4% of gross receipts – and 2-3% of total corporate purchases.
Minority businesses are one of the fastest growing business segments, and they are well positioned to contribute both to job growth and to the overall economic health of minority communities and the country as a whole.
According to the Bureau of the Census, by the year 2020, the minority population will represent approximately 37% of the total U.S. population and by 2050 will exceed 50% of the total population.