Is a return to 'Made in the USA' Possible?

Is a return to 'Made in the USA' Possible? Eric has some interesting thoughts here. He lays out the challenges that could get in the way of American manufacturing becoming prolific again. He misses a couple points but this one stood out the most for me.

Electronics component supply base: Houston, we have a problem...

Oh yeah. We have a problem. He points out that China controls 80% of the supply chain. That's why often times it may seem so much less expensive to manufacture in China, because they have all of the parts. But we're finding that there are much higher costs to OEM's that never get weighed evenly. Risk!