Many Western manufacturers are being kept afloat by the extreme largesse of the defense, aerospace and medical industries who each have specific, reasonable problems with offshoring.

Were it not for those supply chain constraints, these companies would almost all disappear overnight.

That's a terrifying proposition, as we're in no position to compete with China.

Yeah, China earned a bad rap in many ways, but there are lots of companies there that have figured out how to do excellent business with westerners. See JLCPCB and PCBWay as two examples.