For the last 20 years manufacturing has chased the idea of lower production cost. They are, however, finally waking up to the fact that production is only part of the total cost. Transport, inventory, scrap and lost opportunity are all expensive too.
If you throw away (or sell at a loss) items that customers no longer want (think of out of style clothes) what good did it do to save a buck making them? If your cycle time is doubled because your factory is in China and a defect is found at the end of the line you have double the problem.
Manufacturers are going to make their products close to their customers. This is bad if your company is making all of their products here. It’s good for those in industries that have seen jobs go overseas. Much of this work is going to be brought back home in the next 10 years.
Doubt it very seriously, anything that was made overseas will continue to be made as well as the continuing theft of intellectual property by violating EVERY PATENT LAW we have with the Express Permission of Congress and the President. You cannot unring this bell. Slave Labor will continue to thrive at our expense.