Disruption is an abused term these days, but it applies precisely to this kind of thinking. When conventional wisdom says things are impossible, there is money to be made by making it possible.
Working at a 'traditional manufacturing' company that makes a lot of products in Asia, I can see that we are already starting to move manufacturing back to America (where the bulk of our customers are), despite our supply chain still being deeply entrenched overseas. I would expect this trend to continue in the coming years.
The supply chains are based around china, india being the primary manufactoring.