That's China. Are you making a product in China and need a bunch of screws? The factory down the street makes those. Need a housing? Another factory down the street makes those. An LCD display? Believe it or not, down the street.

localizing and streamlining production

These are two distinct goals, sometimes that work against each other. Localization is often a tradeoff between saving energy on transport and logistics versus economies of scale in production, and the right balance might look different for different things.

The carbon footprint of a banana shipped across the globe is still far less than that of the typical backyard chicken, because the act of raising a chicken at home is so inefficient (including with commercially purchased feed driven home in a passenger car) that it can't compete on energy/carbon footprint.

There are products where going local saves energy, but that's not by any means a universal correlation.