Companies already tried offshoring several years ago. It was a disaster for any core competencies, and companies already make extensive use of offshoring (and near shoring). This isn’t going to happen suddenly.
Several years ago, we didn't have remote working tools neither we had remote working cultural norms. All of those were forcibly established during the pandemic. So now is a different time for offshoring. I am seeing a lot of companies having headcount outside the US these days. If remote work works, then why even bother paying someone in the US?
Education and talent is more widely distributed now, though.