Post Covid, will software be mostly outsourced?

It is a wave that has come before and will come again.

Task gets out sourced. They save some money initially. Managers how did it get a promotion and then skips out to the next company. Out sourced work ends up costing more than the original in house work. In house work grows. Rinse and repeat.

If you can survive the wave you will be fine. It just depends on how brutal they get with the initial lay off.

Others have pointed out that if things could have been successfully outsourced they would have been (well?) before COVID. Other than proving that your existing staff could work outside the office, how did COVID show that offshoring/outsourcing would be ok?