Add to this phenomenon the evolution of manufacturing into a global ecosystem, and a perfect storm has formed that places enormous challenges on you and all North American SMMs.
A large part of the North American manufacturing business ecosystem and its protocols that formed within them were based on geo-economic conditions:

we existed within or in close proximity to the largest, greatest, most powerful economy and markets in history. Demand for manufacturing and the formation and management of supply chains were primarily among neighbors. Those factors created relationships and the management of those relationships with specific, relatively simplistic qualities and demands.

But today, options for buyers and your prospects have expanded beyond those regional sources and they’re choosing new options right for their businesses. Price is certainly a factor. But studies show that price becomes more important to buyers whose products are short on technical requirements and complexity. In short, simpler, lower-quality products begat greater focus on price as the primary factor in selecting a manufacturing source.

Conversely, buyers of products and assemblies that require greater technologies and tolerances see cost as less of a motivation, as quality, competence and reliability increase in importance to protect their companies from supply chain risks and disruptions. These buyers covet stability and long-term relationships.