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But even local manufacturing needs supplies to manufacture. You can't mine cadmium locally if there's no cadmium to mine. Global shipping would still be necessary to maintain modern lifestyles. Local manufacturing might reduce global shipping in some cases, but there would still be a huge amount of it.
But then, for Europe, the sources would be Kazachstan, USA, and Africa. I would much rather have Kazachstan or Africa get money for it than China. And shipping raw rare earth metals should surely be less impacted than shipping full finished products that include cadmium (that take much more shipping volume).
Hell, maybe this will also push for more recycling of Cadmium (and other special metals) as the source becomes less reliable / more expensive.
I only see a problem for companies that try to milk every cent and are terrified of raising the price which will impact their profit margins and CEO bonuses.
For cadmium? Sure. But not for everything you need in every step of the manufacturing process. Cars don't go from steel to car in one factory. Bits are made in different places and those bits are assembled into other bits which get assembled into other bits and eventually the biggest bits gets assembled into a car.
Cars aren't like what they were when the Ford Model T was being cranked out. They're incredibly complex machines which can't be made in one local or regional factory anymore without a global supply chain. There's just too many things to manufacture.
I absolutely think there should be more local manufacturing, if for no other reason than to make the world less reliant on China, but if you're talking about generalizing that process, it will only ever be the final assembly stage. You're just not going to see a European computer company manufacture the dye that goes into the circuit boards that get printed with circuits which go into their computers. And that's just one small chain in a huge supply web.
I would be fine with cars being made more dumb. The chips cars need (to work, without half-assed shit infotainment systems) don't need to be manufactured by tsmc.
Computer chips are so expensive per volume, I feel they will not get impacted too much, but it would be nice to have fabs for it in Europe.
You might be fine with it, but the world is not. And you still seem to not be seeing the forest for the trees. This applies to virtually every modern convenience you are used to. None of them can be produced locally when you get down to the components.
I understand, I just don't see why it couldn't and shouldn't be produced more locally. Yes, there might be a huge impact for 5 years or more, but I perceive it as infrastructural debt and over-reliance.
Yes, it could be produced more locally but, as I said, there would still be massive global shipping issues and prices would still be a problem.
Also, five years is a hell of a long time for things to be massively more expensive. And you're not going to be able to build the hundreds of various factories you would need in five years.
Building something incredibly specialized like a computer chip fab or a nuclear plant (due to extremely hand-made nature and safety requirements) might take a decade, but for something as well understood and much more approachable as cars, 5 years for building a hangar and getting the required equipment is quite reasonable. One could even look at Tesla for how it does work.
Cars and computers are not the only things that need to be manufactured. I'm not sure why you seem to think this is just about one or two products and not every piece of technology that surrounds you right now.
It's much more approachable to talk about specific items, and to some degree we can extend this to everything, with more and more details