Bankruptcy started right after the second worst wave during the covid when whole world stood still and Governments were not understanding on what to do about it?
Imagine whole supply chain from multi-national routes, whether sea or air were stopped and billions of dollars worth transactions suddenly went to zero. This was definitely a seeding activity for the economic crash and start of inflation during that point.
Covid is a huge influence on the world of the economy which all turn off when infected with Covid everyone is isolated at home while the needs continue to increase. But maybe the company is unable to maintain it because the company's management is poor or uncontrollable outbody so that there is no income to the company. And there are many new breakthroughs and better innovations than other companies so that the bankrupt company intensively declined.