Should they do it : Yes
Would they do it : No

See am not trying to judge , but the developed countries do save a lot of money by importing stuff from the developing countries . As for the developing ones , it does account for a huge amount of their own GDP too , to actually provide stuff or to export. Due to huge population in some they do export cheap stuff and most spare parts are assembled in the developing nations due to less wage of the workers .

If the developed nations do try and do it all by themselves , they would actually need a different kind of industrial revolution.They will have to clear patches of land and set up factories . At the same time import the machineries and give job to a lot of people. It is not something that would happen overnight.

It would take time.

But the government always prefers the easy way out ..thus I said no they won't do it , the market will keep having small scale businesses but nothing the sort of an industrial revolution.
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P.S. Just want to share out of context that one of the AIDS drug is shown to reduce the recovery time of the Corona Virus disease and therefore we do have hope of this quarantine being over . let's see what governments will try and do after that.