I work in manufacturing and always have. The last 10 years has seen a flood of "off-shoring" driven by a wild sense of "it must be the right thing to do" rather than detailed economics or a any real long-term vision of what would happen once we lost our ability to compete.
We are now seeing prices of goods made in China rising steadily with labour rates tripling, shipping costs fluctuating but generally rising and issues with quality and reliability of supply brought on by the sheer distance, power shortages, and many other things which would not apply to domestic production.
The good news is that the trend is definitely reversing and many companies have either started to bring production back or are looking to do so. The bad news is that we've let our skills base wither to the point where it is becoming really difficult to hire the right craftsmen and techinicians. This situation will take a generation to fix, or at least it would if those in higher education had realised this and galvanised themselves to react rather than spend their time chasing funding whilst continuing to pedal the same subjects aimed at a few old market segments.
Another thing that most folk don't realise is this statistic - around 95% of UK manufacturing businesses are small or medium enterprises that you will never of heard of as they are either buried under multiple tiers of supply chains or they make small niche products you wouldn't notice.
UK manufacturing is alive and on the rebound and given the right support it can significantly contribute to the economic recovery. Let's keep buying British.
(Steps off soapbox)