Despite the Instant Pot’s status as a crucial kitchen appliance over the last ten years, its parent company has faced financial difficulties. Instant Brands has filed for Chapter 11 bankruptcy in the US, citing global “macroeconomic and geopolitical challenges,” such as increased interest rates and stricter credit. Although the company claims to have weathered the pandemic and subsequent supply chain issues, these recent challenges proved insurmountable. Instant Brands still expects to have products on shelves, including Instant Pot, as well as sister brands such as Corelle, CorningWare and Pyrex. It…