diff --git a/packages/react-component-library/package.json b/packages/react-component-library/package.json
index 31544436c1..abb26d9ac9 100644
--- a/packages/react-component-library/package.json
+++ b/packages/react-component-library/package.json
@@ -87,7 +87,7 @@
     "@types/node": "^16.3.3",
     "@types/react": "^17.0.38",
     "@types/react-dom": "^17.0.13",
-    "@types/react-select": "^3.0.27",
+    "@types/react-select": "^5.0.1",
     "@types/react-transition-group": "^4.2.3",
     "@types/styled-components": "^5.1.24",
     "@types/styled-theming": "^2.2.5",
@@ -161,7 +161,7 @@
     "react-day-picker": "^7.4.8",
     "react-merge-refs": "^1.1.0",
     "react-popper": "^2.2.5",
-    "react-select": "^4.1.0",
+    "react-select": "^5.4.0",
     "react-string-replace": "^0.4.4",
     "react-toast-notifications": "^2.4.0",
     "react-transition-group": "^4.4.1",
diff --git a/yarn.lock b/yarn.lock
index 4f472160dc..ce33950344 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -276,6 +276,11 @@
   resolved "https://registry.yarnpkg.com/@babel/helper-plugin-utils/-/helper-plugin-utils-7.16.7.tgz#aa3a8ab4c3cceff8e65eb9e73d87dc4ff320b2f5"
   integrity sha512-Qg3Nk7ZxpgMrsox6HreY1ZNKdBq7K72tDSliA6dCl5f007jR4ne8iD5UzuNnCJH2xBf2BEEVGr+/OL6Gdp7RxA==
 
+"@babel/helper-plugin-utils@^7.18.6":
+  version "7.18.6"
+  resolved "https://registry.yarnpkg.com/@babel/helper-plugin-utils/-/helper-plugin-utils-7.18.6.tgz#9448974dd4fb1d80fefe72e8a0af37809cd30d6d"
+  integrity sha512-gvZnm1YAAxh13eJdkb9EWHBnF3eAub3XTLCZEehHT2kWxiKVRL64+ae5Y6Ivne0mVHmMYKT+xWgZO+gQhuLUBg==
+
 "@babel/helper-remap-async-to-generator@^7.16.7":
   version "7.16.7"
   resolved "https://registry.yarnpkg.com/@babel/helper-remap-async-to-generator/-/helper-remap-async-to-generator-7.16.7.tgz#5ce2416990d55eb6e099128338848ae8ffa58a9a"
@@ -631,6 +636,13 @@
   dependencies:
     "@babel/helper-plugin-utils" "^7.14.5"
 
+"@babel/plugin-syntax-jsx@^7.12.13":
+  version "7.18.6"
+  resolved "https://registry.yarnpkg.com/@babel/plugin-syntax-jsx/-/plugin-syntax-jsx-7.18.6.tgz#a8feef63b010150abd97f1649ec296e849943ca0"
+  integrity sha512-6mmljtAedFGTWu2p/8WIORGwy+61PLgOMPOdazc7YoJ9ZCWUyFy3A6CpPkRKLKD1ToAesxX8KGEViAiLo9N+7Q==
+  dependencies:
+    "@babel/helper-plugin-utils" "^7.18.6"
+
 "@babel/plugin-syntax-jsx@^7.16.7":
   version "7.16.7"
   resolved "https://registry.yarnpkg.com/@babel/plugin-syntax-jsx/-/plugin-syntax-jsx-7.16.7.tgz#50b6571d13f764266a113d77c82b4a6508bbe665"
@@ -1437,6 +1449,24 @@
   resolved "https://registry.yarnpkg.com/@discoveryjs/json-ext/-/json-ext-0.5.6.tgz#d5e0706cf8c6acd8c6032f8d54070af261bbbb2f"
   integrity sha512-ws57AidsDvREKrZKYffXddNkyaF14iHNHm8VQnZH6t99E8gczjNN0GpvcGny0imC80yQ0tHz1xVUKk/KFQSUyA==
 
+"@emotion/babel-plugin@^11.7.1":
+  version "11.9.2"
+  resolved "https://registry.yarnpkg.com/@emotion/babel-plugin/-/babel-plugin-11.9.2.tgz#723b6d394c89fb2ef782229d92ba95a740576e95"
+  integrity sha512-Pr/7HGH6H6yKgnVFNEj2MVlreu3ADqftqjqwUvDy/OJzKFgxKeTQ+eeUf20FOTuHVkDON2iNa25rAXVYtWJCjw==
+  dependencies:
+    "@babel/helper-module-imports" "^7.12.13"
+    "@babel/plugin-syntax-jsx" "^7.12.13"
+    "@babel/runtime" "^7.13.10"
+    "@emotion/hash" "^0.8.0"
+    "@emotion/memoize" "^0.7.5"
+    "@emotion/serialize" "^1.0.2"
+    babel-plugin-macros "^2.6.1"
+    convert-source-map "^1.5.0"
+    escape-string-regexp "^4.0.0"
+    find-root "^1.1.0"
+    source-map "^0.5.7"
+    stylis "4.0.13"
+
 "@emotion/cache@^10.0.27":
   version "10.0.29"
   resolved "https://registry.yarnpkg.com/@emotion/cache/-/cache-10.0.29.tgz#87e7e64f412c060102d589fe7c6dc042e6f9d1e0"
@@ -1447,13 +1477,13 @@
     "@emotion/utils" "0.11.3"
     "@emotion/weak-memoize" "0.2.5"
 
-"@emotion/cache@^11.4.0", "@emotion/cache@^11.7.1":
-  version "11.7.1"
-  resolved "https://registry.yarnpkg.com/@emotion/cache/-/cache-11.7.1.tgz#08d080e396a42e0037848214e8aa7bf879065539"
-  integrity sha512-r65Zy4Iljb8oyjtLeCuBH8Qjiy107dOYC6SJq7g7GV5UCQWMObY4SJDPGFjiiVpPrOJ2hmJOoBiYTC7hwx9E2A==
+"@emotion/cache@^11.4.0", "@emotion/cache@^11.9.3":
+  version "11.9.3"
+  resolved "https://registry.yarnpkg.com/@emotion/cache/-/cache-11.9.3.tgz#96638449f6929fd18062cfe04d79b29b44c0d6cb"
+  integrity sha512-0dgkI/JKlCXa+lEXviaMtGBL0ynpx4osh7rjOXE71q9bIF8G+XhJgvi+wDu0B0IdCVx37BffiwXlN9I3UuzFvg==
   dependencies:
     "@emotion/memoize" "^0.7.4"
-    "@emotion/sheet" "^1.1.0"
+    "@emotion/sheet" "^1.1.1"
     "@emotion/utils" "^1.0.0"
     "@emotion/weak-memoize" "^0.2.5"
     stylis "4.0.13"
@@ -1496,21 +1526,21 @@
   resolved "https://registry.yarnpkg.com/@emotion/memoize/-/memoize-0.7.4.tgz#19bf0f5af19149111c40d98bb0cf82119f5d9eeb"
   integrity sha512-Ja/Vfqe3HpuzRsG1oBtWTHk2PGZ7GR+2Vz5iYGelAw8dx32K0y7PjVuxK6z1nMpZOqAFsRUPCkK1YjJ56qJlgw==
 
-"@emotion/memoize@^0.7.4":
+"@emotion/memoize@^0.7.4", "@emotion/memoize@^0.7.5":
   version "0.7.5"
   resolved "https://registry.yarnpkg.com/@emotion/memoize/-/memoize-0.7.5.tgz#2c40f81449a4e554e9fc6396910ed4843ec2be50"
   integrity sha512-igX9a37DR2ZPGYtV6suZ6whr8pTFtyHL3K/oLUotxpSVO2ASaprmAe2Dkq7tBo7CRY7MMDrAa9nuQP9/YG8FxQ==
 
-"@emotion/react@^11.1.1":
-  version "11.7.1"
-  resolved "https://registry.yarnpkg.com/@emotion/react/-/react-11.7.1.tgz#3f800ce9b20317c13e77b8489ac4a0b922b2fe07"
-  integrity sha512-DV2Xe3yhkF1yT4uAUoJcYL1AmrnO5SVsdfvu+fBuS7IbByDeTVx9+wFmvx9Idzv7/78+9Mgx2Hcmr7Fex3tIyw==
+"@emotion/react@^11.8.1":
+  version "11.9.3"
+  resolved "https://registry.yarnpkg.com/@emotion/react/-/react-11.9.3.tgz#f4f4f34444f6654a2e550f5dab4f2d360c101df9"
+  integrity sha512-g9Q1GcTOlzOEjqwuLF/Zd9LC+4FljjPjDfxSM7KmEakm+hsHXk+bYZ2q+/hTJzr0OUNkujo72pXLQvXj6H+GJQ==
   dependencies:
     "@babel/runtime" "^7.13.10"
-    "@emotion/cache" "^11.7.1"
-    "@emotion/serialize" "^1.0.2"
-    "@emotion/sheet" "^1.1.0"
-    "@emotion/utils" "^1.0.0"
+    "@emotion/babel-plugin" "^11.7.1"
+    "@emotion/cache" "^11.9.3"
+    "@emotion/serialize" "^1.0.4"
+    "@emotion/utils" "^1.1.0"
     "@emotion/weak-memoize" "^0.2.5"
     hoist-non-react-statics "^3.3.1"
 
@@ -1536,15 +1566,26 @@
     "@emotion/utils" "^1.0.0"
     csstype "^3.0.2"
 
+"@emotion/serialize@^1.0.4":
+  version "1.0.4"
+  resolved "https://registry.yarnpkg.com/@emotion/serialize/-/serialize-1.0.4.tgz#ff31fd11bb07999611199c2229e152faadc21a3c"
+  integrity sha512-1JHamSpH8PIfFwAMryO2bNka+y8+KA5yga5Ocf2d7ZEiJjb7xlLW7aknBGZqJLajuLOvJ+72vN+IBSwPlXD1Pg==
+  dependencies:
+    "@emotion/hash" "^0.8.0"
+    "@emotion/memoize" "^0.7.4"
+    "@emotion/unitless" "^0.7.5"
+    "@emotion/utils" "^1.0.0"
+    csstype "^3.0.2"
+
 "@emotion/sheet@0.9.4":
   version "0.9.4"
   resolved "https://registry.yarnpkg.com/@emotion/sheet/-/sheet-0.9.4.tgz#894374bea39ec30f489bbfc3438192b9774d32e5"
   integrity sha512-zM9PFmgVSqBw4zL101Q0HrBVTGmpAxFZH/pYx/cjJT5advXguvcgjHFTCaIO3enL/xr89vK2bh0Mfyj9aa0ANA==
 
-"@emotion/sheet@^1.1.0":
-  version "1.1.0"
-  resolved "https://registry.yarnpkg.com/@emotion/sheet/-/sheet-1.1.0.tgz#56d99c41f0a1cda2726a05aa6a20afd4c63e58d2"
-  integrity sha512-u0AX4aSo25sMAygCuQTzS+HsImZFuS8llY8O7b9MDRzbJM0kVJlAz6KNDqcG7pOuQZJmj/8X/rAW+66kMnMW+g==
+"@emotion/sheet@^1.1.1":
+  version "1.1.1"
+  resolved "https://registry.yarnpkg.com/@emotion/sheet/-/sheet-1.1.1.tgz#015756e2a9a3c7c5f11d8ec22966a8dbfbfac787"
+  integrity sha512-J3YPccVRMiTZxYAY0IOq3kd+hUP8idY8Kz6B/Cyo+JuXq52Ek+zbPbSQUrVQp95aJ+lsAW7DPL1P2Z+U1jGkKA==
 
 "@emotion/stylis@0.8.5", "@emotion/stylis@^0.8.4":
   version "0.8.5"
@@ -1566,6 +1607,11 @@
   resolved "https://registry.yarnpkg.com/@emotion/utils/-/utils-1.0.0.tgz#abe06a83160b10570816c913990245813a2fd6af"
   integrity sha512-mQC2b3XLDs6QCW+pDQDiyO/EdGZYOygE8s5N5rrzjSI4M3IejPE/JPndCBwRT9z982aqQNi6beWs1UeayrQxxA==
 
+"@emotion/utils@^1.1.0":
+  version "1.1.0"
+  resolved "https://registry.yarnpkg.com/@emotion/utils/-/utils-1.1.0.tgz#86b0b297f3f1a0f2bdb08eeac9a2f49afd40d0cf"
+  integrity sha512-iRLa/Y4Rs5H/f2nimczYmS5kFJEbpiVvgN3XVfZ022IYhuNA1IRSHEizcof88LtCTXtl9S2Cxt32KgaXEu72JQ==
+
 "@emotion/weak-memoize@0.2.5", "@emotion/weak-memoize@^0.2.5":
   version "0.2.5"
   resolved "https://registry.yarnpkg.com/@emotion/weak-memoize/-/weak-memoize-0.2.5.tgz#8eed982e2ee6f7f4e44c253e12962980791efd46"
@@ -4914,14 +4960,12 @@
   dependencies:
     "@types/react" "*"
 
-"@types/react-select@^3.0.27":
-  version "3.1.2"
-  resolved "https://registry.yarnpkg.com/@types/react-select/-/react-select-3.1.2.tgz#38627df4b49be9b28f800ed72b35d830369a624b"
-  integrity sha512-ygvR/2FL87R2OLObEWFootYzkvm67LRA+URYEAcBuvKk7IXmdsnIwSGm60cVXGaqkJQHozb2Cy1t94tCYb6rJA==
+"@types/react-select@^5.0.1":
+  version "5.0.1"
+  resolved "https://registry.yarnpkg.com/@types/react-select/-/react-select-5.0.1.tgz#04fc85edd34a72675a0ab56ad4c30428aab0e444"
+  integrity sha512-h5Im0AP0dr4AVeHtrcvQrLV+gmPa7SA0AGdxl2jOhtwiE6KgXBFSogWw8az32/nusE6AQHlCOHQWjP1S/+oMWA==
   dependencies:
-    "@types/react" "*"
-    "@types/react-dom" "*"
-    "@types/react-transition-group" "*"
+    react-select "*"
 
 "@types/react-test-renderer@>=16.9.0":
   version "17.0.1"
@@ -4937,10 +4981,10 @@
   dependencies:
     react-toast-notifications "*"
 
-"@types/react-transition-group@*", "@types/react-transition-group@^4.2.3":
-  version "4.4.4"
-  resolved "https://registry.yarnpkg.com/@types/react-transition-group/-/react-transition-group-4.4.4.tgz#acd4cceaa2be6b757db61ed7b432e103242d163e"
-  integrity sha512-7gAPz7anVK5xzbeQW9wFBDg7G++aPLAFY0QaSMOou9rJZpbuI58WAuJrgu+qR92l61grlnCUe7AFX8KGahAgug==
+"@types/react-transition-group@^4.2.3", "@types/react-transition-group@^4.4.0":
+  version "4.4.5"
+  resolved "https://registry.yarnpkg.com/@types/react-transition-group/-/react-transition-group-4.4.5.tgz#aae20dcf773c5aa275d5b9f7cdbca638abc5e416"
+  integrity sha512-juKD/eiSM3/xZYzjuzH6ZwpP+/lejltmiS3QEzV/vmb/Q8+HfDmxu+Baga8UEMGBqV88Nbg4l2hY/K2DkyaLLA==
   dependencies:
     "@types/react" "*"
 
@@ -6144,7 +6188,7 @@ babel-plugin-jsx-remove-data-test-id@^3.0.0:
   resolved "https://registry.yarnpkg.com/babel-plugin-jsx-remove-data-test-id/-/babel-plugin-jsx-remove-data-test-id-3.0.0.tgz#15c95f97ce0ff60d72b29e403bde245f86393288"
   integrity sha512-E4uM/LIUizjy2Z5tVAfa8pSXsYgoKWJ97kzuEMfsIxSLSNDWsAhgFVPkgNuakViX5dkNjw1DKIi0VpWP6djqbw==
 
-babel-plugin-macros@^2.0.0:
+babel-plugin-macros@^2.0.0, babel-plugin-macros@^2.6.1:
   version "2.8.0"
   resolved "https://registry.yarnpkg.com/babel-plugin-macros/-/babel-plugin-macros-2.8.0.tgz#0f958a7cc6556b1e65344465d99111a1e5e10138"
   integrity sha512-SEP5kJpfGYqYKpBrj5XU3ahw5p5GOHJ0U5ssOSQ/WBVdwkD2Dzlce95exQTs3jOVWPPKLBN2rlEWkCK7dSmLvg==
@@ -10793,9 +10837,9 @@ imagemin@^7.0.1:
     replace-ext "^1.0.0"
 
 immer@^9.0.6:
-  version "9.0.12"
-  resolved "https://registry.yarnpkg.com/immer/-/immer-9.0.12.tgz#2d33ddf3ee1d247deab9d707ca472c8c942a0f20"
-  integrity sha512-lk7UNmSbAukB5B6dh9fnh5D0bJTOFKxVg2cyJWTYrWRfhLrLMBquONcUs3aFq507hNoIZEDDh8lb8UtOizSMhA==
+  version "9.0.15"
+  resolved "https://registry.yarnpkg.com/immer/-/immer-9.0.15.tgz#0b9169e5b1d22137aba7d43f8a81a495dd1b62dc"
+  integrity sha512-2eB/sswms9AEUSkOm4SbV5Y7Vmt/bKRwByd52jfLkW4OLYeaTP3EEiJ9agqU0O/tq6Dk62Zfj+TJSqfm1rLVGQ==
 
 import-fresh@^3.0.0, import-fresh@^3.1.0, import-fresh@^3.2.1:
   version "3.3.0"
@@ -14898,7 +14942,7 @@ promzard@^0.3.0:
   dependencies:
     read "1"
 
-prop-types@^15.0.0, prop-types@^15.5.8, prop-types@^15.6.0, prop-types@^15.6.1, prop-types@^15.6.2, prop-types@^15.7.2, prop-types@^15.8.1:
+prop-types@^15.0.0, prop-types@^15.6.0, prop-types@^15.6.1, prop-types@^15.6.2, prop-types@^15.7.2, prop-types@^15.8.1:
   version "15.8.1"
   resolved "https://registry.yarnpkg.com/prop-types/-/prop-types-15.8.1.tgz#67d87bf1a694f48435cf332c24af10214a3140b5"
   integrity sha512-oj87CgZICdulUohogVAR7AjlC0327U4el4L6eAvOqCeudMDVU0NThNaV+b9Df4dXgSP1gXMTnPdhfe/2qDH5cg==
@@ -15227,13 +15271,6 @@ react-hot-loader@^4.12.19:
     shallowequal "^1.1.0"
     source-map "^0.7.3"
 
-react-input-autosize@^3.0.0:
-  version "3.0.0"
-  resolved "https://registry.yarnpkg.com/react-input-autosize/-/react-input-autosize-3.0.0.tgz#6b5898c790d4478d69420b55441fcc31d5c50a85"
-  integrity sha512-nL9uS7jEs/zu8sqwFE5MAPx6pPkNAriACQ2rGLlqmKr2sPGtN7TXTyDdQt4lbNXVx7Uzadb40x8qotIuru6Rhg==
-  dependencies:
-    prop-types "^15.5.8"
-
 react-inspector@^5.1.0:
   version "5.1.1"
   resolved "https://registry.yarnpkg.com/react-inspector/-/react-inspector-5.1.1.tgz#58476c78fde05d5055646ed8ec02030af42953c8"
@@ -15276,17 +15313,17 @@ react-refresh@^0.11.0:
   resolved "https://registry.yarnpkg.com/react-refresh/-/react-refresh-0.11.0.tgz#77198b944733f0f1f1a90e791de4541f9f074046"
   integrity sha512-F27qZr8uUqwhWZboondsPx8tnC3Ct3SxZA3V5WyEvujRyyNv0VYPhoBg1gZ8/MV5tubQp76Trw8lTv9hzRBa+A==
 
-react-select@^4.1.0:
-  version "4.3.1"
-  resolved "https://registry.yarnpkg.com/react-select/-/react-select-4.3.1.tgz#389fc07c9bc7cf7d3c377b7a05ea18cd7399cb81"
-  integrity sha512-HBBd0dYwkF5aZk1zP81Wx5UsLIIT2lSvAY2JiJo199LjoLHoivjn9//KsmvQMEFGNhe58xyuOITjfxKCcGc62Q==
+react-select@*, react-select@^5.4.0:
+  version "5.4.0"
+  resolved "https://registry.yarnpkg.com/react-select/-/react-select-5.4.0.tgz#81f6ac73906126706f104751ee14437bd16798f4"
+  integrity sha512-CjE9RFLUvChd5SdlfG4vqxZd55AZJRrLrHzkQyTYeHlpOztqcgnyftYAolJ0SGsBev6zAs6qFrjm6KU3eo2hzg==
   dependencies:
     "@babel/runtime" "^7.12.0"
     "@emotion/cache" "^11.4.0"
-    "@emotion/react" "^11.1.1"
+    "@emotion/react" "^11.8.1"
+    "@types/react-transition-group" "^4.4.0"
     memoize-one "^5.0.0"
     prop-types "^15.6.0"
-    react-input-autosize "^3.0.0"
     react-transition-group "^4.3.0"
 
 react-shallow-renderer@^16.13.1:
@@ -16026,9 +16063,9 @@ seek-bzip@^1.0.5:
     commander "^2.8.1"
 
 semver-regex@^2.0.0, semver-regex@^3.1.3:
-  version "3.1.3"
-  resolved "https://registry.yarnpkg.com/semver-regex/-/semver-regex-3.1.3.tgz#b2bcc6f97f63269f286994e297e229b6245d0dc3"
-  integrity sha512-Aqi54Mk9uYTjVexLnR67rTyBusmwd04cLkHy9hNvk3+G3nT2Oyg7E0l4XVbOaNwIvQ3hHeYxGcyEy+mKreyBFQ==
+  version "3.1.4"
+  resolved "https://registry.yarnpkg.com/semver-regex/-/semver-regex-3.1.4.tgz#13053c0d4aa11d070a2f2872b6b1e3ae1e1971b4"
+  integrity sha512-6IiqeZNgq01qGf0TId0t3NvKzSvUsjcpdEO3AQNeIjR6A2+ckTnQlDpl4qu1bjRv0RzN3FP9hzFmws3lKqRWkA==
 
 semver-truncate@^1.1.2:
   version "1.1.2"
@@ -18361,9 +18398,9 @@ write-pkg@^4.0.0:
     write-json-file "^3.2.0"
 
 ws@8.2.3, ws@^7.3.1, ws@^7.4.6, ws@^8.2.3, ws@^8.4.2:
-  version "8.5.0"
-  resolved "https://registry.yarnpkg.com/ws/-/ws-8.5.0.tgz#bfb4be96600757fe5382de12c670dab984a1ed4f"
-  integrity sha512-BWX0SWVgLPzYwF8lTzEy1egjhS4S4OEAHfsO8o65WOVsrnSRGaSiUaa9e0ggGlkMTtBlmOpEXiie9RUcBO86qg==
+  version "8.8.0"
+  resolved "https://registry.yarnpkg.com/ws/-/ws-8.8.0.tgz#8e71c75e2f6348dbf8d78005107297056cb77769"
+  integrity sha512-JDAgSYQ1ksuwqfChJusw1LSJ8BizJ2e/vVu5Lxjq3YvNJNlROv1ui4i+c/kUUrPheBvQl4c5UbERhTwKa6QBJQ==
 
 x-default-browser@^0.4.0:
   version "0.4.0"