Carrier Global SWOT and PESTLE Analysis

Strength

1. Extensive Global footprint with one of the leading manufacturer of HVAC systems: Carrier has a global footprint with market presence in 160+ countries and 53,000 employees, including 3600 engineers. They have a strong network of distributors, independent sales representatives, wholesalers, dealers, channel partners and retail outlets. They are one of the leading global providers of healthy, safe and sustainable building and cold chain solutions and one of the leading manufacturers of HVAC systems. They leverage their expertise with more than 100 years of experience in creating optimal indoor environments, collaborating with academic researchers and global experts

2. Strong global workforce and employer of choice: One of the greatest assets for Carrier Global Corporation is the expertise, creativity and passion of their employees. They are looked as one of the preferred employers to work for as they strive to provide a great place to work that attracts, develops and retains the best talent, promotes employee engagement and development. They have a diverse workforce of 53,000 employees globally in 2019. They have a very robust talent acquisition process to attract talent from the diverse backgrounds. They foster an inclusive culture in the workplace that drives employee engagement, employee retention, employee development, teamwork and innovation. They also undertake a lot of training and development programs to expand their knowledge and learn new skills to remain competitive and advance in the careers. This all has helped to build an inclusive employee culture with a strong, trained and motivated workforce which provides a competitive edge to Carrier.

The remaining section of “Strength” is available only in the 'Complete Report' on purchase.

Weakness

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Opportunity

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Threat

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Political

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Economic

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Social

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Technological

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Legal

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Environmental

1. Conservation of energy and waste reduction: Carrier is committed to developing solutions and technologies that reduce energy consumption and GHG emissions like installing an air-cooled Compressor as an alternate of water-cooled compressor for plant utility service, which has resulted in 100% reduction of water usage also avoid to running of cooling tower motor. Motion sensor and day light sensor are added in offices and plant for energy saving. Paint shop converted from HSD to LPG gas, which has resulted in reduction of carbon foot print by 310 Ton. For nearly 30 years, Carrier has been taking initiatives in order to reduce their global environmental footprint. Since, 2015 they have achieved a 15% absolute reduction in global GHC emissions and 34% reduction in their global water use through water management practices at their manufacturing facilities.

2. Increasing demand for environment friendly products: With increasing focus on environment, the demand for environment friendly products is increasing. Carrier has been investing a huge amount on innovation to develop environment friendly and energy efficient products. From 2000 to 2019, it is estimated that their products have avoided nearly 300 million metric tons of greenhouse gas emissions, which is equal to taking more than 60 million cars off the road for one year. Carrier has consistently invested in R&D to develop energy efficient technologies and solutions in order to lower the amount of emissions. They are committed to providing energy-efficient, low climate impact products and solutions to their customers. They actively engaged with regulatory authorities and trade associations, working collaboratively to pursue and implement industry-wide policies and initiatives that promote greater energy efficiency and lower GHG emissions in buildings. One such example is the Toshiba Carrier Variable Refrigerant Flow rooftop unit the introduced in 2019, which delivers greater energy efficiency than comparable models, offers ideal zoned comfort and is relatively easy to install. Another new product, the AquaEdge 19DV, incorporates world-class efficiency and uses an ultra-low GWP refrigerant, with zero ozone depletion and an A1 safety rating.

The remaining section of “Environmental” is available only in the 'Complete Report' on purchase.