Instant Pot Company

Instant Pot Company specializes in creating kitchen appliances, including the Instant Vortex Plus, an air fryer oven known for its rapid preheating and consistent cooking performance.

CCI Score

58.90

-0.05% May 31

Latest Event

Instant Brands Files for Bankruptcy Amid Debt Crisis

Instant Brands, the parent company behind the Instant Pot, filed for Chapter 11 bankruptcy in Canada and the US. The filing was attributed to unsustainable debt levels, rising interest rates, and post-pandemic supply chain challenges, leading to a meager early-2023 operating cash flow compared to its massive debt load.

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LEADER

Instant Pot Company is currently rated as a Leader.

+45 to +100 CCI Score

Companies in this range actively lead the fight against authoritarianism by rejecting oppressive practices and championing democratic values. They implement robust policies, engage in transparent governance, and drive initiatives that set the standard for corporate responsibility.

Latest Events

JUL

03

2023

Instant Brands Files for Bankruptcy Amid Debt Crisis
0.00

Instant Brands, the parent company behind the Instant Pot, filed for Chapter 11 bankruptcy in Canada and the US. The filing was attributed to unsustainable debt levels, rising interest rates, and post-pandemic supply chain challenges, leading to a meager early-2023 operating cash flow compared to its massive debt load.
+0

Economic and Structural Influence

May 28

The bankruptcy filing reflects severe financial distress due to unsustainable debt and adverse market conditions. While the loss of corporate power might imply a reduction in the company's capacity to support authoritarian practices, the event itself is not a deliberate anti-fascist or progressive measure, resulting in a neutral score.

The Truth Behind the Instant Pot Bankruptcy
JAN

01

2023

Instant Pot Enhances Supply Chain Transparency
58.90

Instant Pot Brands demonstrates a commitment to ethical supply chain practices by conducting unannounced audits of its product suppliers and training its Global Sourcing Team on its Human Rights Policy, which specifically addresses risks associated with human trafficking and slavery.
+75

Supply Chain Ethics

May 28

By implementing internal audits and providing targeted training for its sourcing team, Instant Pot Brands is proactively monitoring its supply chain to mitigate risks of human trafficking and slavery. This commitment to upholding human rights within its supply chain supports ethical business practices and reinforces accountability, aligning with anti-authoritarian values.

CA Supply Chain Transparency