Towards an industrial renaissance?

The advance of globalization, with its corollary, the internationalization of production chains, has led to a decline in the industrial sovereignty of a large part of Western countries. This industrial disengagement affects the majority of economic sectors in Europe and in particular the most important industries to ensure a certain economic sovereignty, such as the production of medicines or nanotechnologies. This dropout accentuates the gap between the old continent and the American and Chinese giants. While 80% of Research and Development is carried out on European soil, the objective of competitiveness of the continent is more urgent than ever. If industrial revitalization is partly a matter for public authorities, it is also necessary to rely on several exogenous factors. An industrial renaissance can only be achieved by taking into account technological innovations and the objectives of decarbonizing production systems.
Are we about to witness a process of industrial renaissance? What roles can public authorities and companies play? Should we review our research and development policies or undertake a massive relocation of the industrial sector? What would be the consequences, and what will be the human and material costs and/or benefits?