I think globalisation can be worked around.
The Chinese can smelt metals more efficiently and in bulk than anyone else.
However there is room for specialist metal working sites. And places that have cheap energy - hydro dams have an advantage. There is room for local recycling - can make small time operations extremely efficient.
The other thing to keep in mind is that large bulk suppliers may have lower quality products.
Germany & Japan still have viable industrial operations because they focus on very technical products. Also can output quickly with a fast delivery time. England is moving towards this way of saving their faltering industries: