Death of Outsourcing?

An article at Forbes.com says that offshoring will be on a greater decline in 2013 as favorite outsourcing destinations like India and China are faced with rising costs and unable to sustain the impact of gas and shipping expenses. I believe that there some truth to such a prediction but it will mainly be because of the decline of the value of the US dollar versus the Yuan, Rupee and other currencies. I think that all is not lost since the outsourcing destinations can still do something about it. Let's wait and see.