In the 70s and early 80s Sears bought TVs made in Arkansas and the Japanese bought the company. The sellers were so proud of the huge quality control portion of the production they demonstrated it to the Japanese buyers, who were unimpressed. Once they took over, they went down the line and said, take your time and do it right, don't send it down the line if it is not working. Within literally days, the reject rates were so low, that they started laying off or shifting to line work, all those "quality control" people whose job was to make the TV actually work once it was built. We shot ourselves in the foot in the 70s with poor production methods, and that applied to cars (the Japanese took that market by storm), electronics, and about anything else that was electrical.
The only reason we cannot compete is labor cost is high while many Asian (China in particular) are subsidizing such, using slave (prison) labor, and exploiting children as well as paying low wages. We (our technology and plants) are otherwise more productive and efficient.