Instant Pot, the renowned kitchen gadget that has revolutionized cooking over the past decade, has not shielded its parent company from financial turmoil. Instant Brands has recently filed for Chapter 11 bankruptcy in the United States, citing a range of worldwide “macroeconomic and geopolitical challenges” that include higher interest rates and tighter credit. While the company claims to have weathered the storm of the pandemic and subsequent supply chain disruptions, the accumulated burdens proved insurmountable.
