diff --git a/.changeset/yellow-meals-arrive.md b/.changeset/yellow-meals-arrive.md
new file mode 100644
index 000000000..a9b0d7745
--- /dev/null
+++ b/.changeset/yellow-meals-arrive.md
@@ -0,0 +1,5 @@
+---
+"modular-scripts": patch
+---
+
+Bump webpack from 5.69.1 to 5.72.0
diff --git a/packages/modular-scripts/package.json b/packages/modular-scripts/package.json
index f58b5e886..4f98e3ef9 100644
--- a/packages/modular-scripts/package.json
+++ b/packages/modular-scripts/package.json
@@ -113,7 +113,7 @@
     "ts-morph": "^14.0.0",
     "update-notifier": "5.1.0",
     "url-loader": "4.1.1",
-    "webpack": "5.69.1",
+    "webpack": "5.72.0",
     "webpack-dev-server": "4.8.1",
     "webpack-manifest-plugin": "5.0.0",
     "ws": "8.5.0"
diff --git a/yarn.lock b/yarn.lock
index 3cbac0f8f..b8b55772d 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5625,10 +5625,10 @@ end-of-stream@^1.1.0, end-of-stream@^1.4.1:
   dependencies:
     once "^1.4.0"
 
-enhanced-resolve@^5.8.3:
-  version "5.9.2"
-  resolved "https://registry.yarnpkg.com/enhanced-resolve/-/enhanced-resolve-5.9.2.tgz#0224dcd6a43389ebfb2d55efee517e5466772dd9"
-  integrity sha512-GIm3fQfwLJ8YZx2smuHpBKkXC1yOk+OBEmKckVyL0i/ea8mqDEykK3ld5dgH1QYPNyT/lIllxV2LULnxCHaHkA==
+enhanced-resolve@^5.9.2:
+  version "5.9.3"
+  resolved "https://registry.yarnpkg.com/enhanced-resolve/-/enhanced-resolve-5.9.3.tgz#44a342c012cbc473254af5cc6ae20ebd0aae5d88"
+  integrity sha512-Bq9VSor+kjvW3f9/MiiR4eE3XYgOl7/rS8lnSxbRbF3kS0B2r+Y9w5krBWxZgDxASVZbdYrn5wT4j/Wb0J9qow==
   dependencies:
     graceful-fs "^4.2.4"
     tapable "^2.2.0"
@@ -12375,10 +12375,10 @@ webpack-sources@^3.2.3:
   resolved "https://registry.yarnpkg.com/webpack-sources/-/webpack-sources-3.2.3.tgz#2d4daab8451fd4b240cc27055ff6a0c2ccea0cde"
   integrity sha512-/DyMEOrDgLKKIG0fmvtz+4dUX/3Ghozwgm6iPp8KRhvn+eQf9+Q7GWxVNMk3+uCPWfdXYC4ExGBckIXdFEfH1w==
 
-webpack@5.69.1:
-  version "5.69.1"
-  resolved "https://registry.yarnpkg.com/webpack/-/webpack-5.69.1.tgz#8cfd92c192c6a52c99ab00529b5a0d33aa848dc5"
-  integrity sha512-+VyvOSJXZMT2V5vLzOnDuMz5GxEqLk7hKWQ56YxPW/PQRUuKimPqmEIJOx8jHYeyo65pKbapbW464mvsKbaj4A==
+webpack@5.72.0:
+  version "5.72.0"
+  resolved "https://registry.yarnpkg.com/webpack/-/webpack-5.72.0.tgz#f8bc40d9c6bb489a4b7a8a685101d6022b8b6e28"
+  integrity sha512-qmSmbspI0Qo5ld49htys8GY9XhS9CGqFoHTsOVAnjBdg0Zn79y135R+k4IR4rKK6+eKaabMhJwiVB7xw0SJu5w==
   dependencies:
     "@types/eslint-scope" "^3.7.3"
     "@types/estree" "^0.0.51"
@@ -12389,7 +12389,7 @@ webpack@5.69.1:
     acorn-import-assertions "^1.7.6"
     browserslist "^4.14.5"
     chrome-trace-event "^1.0.2"
-    enhanced-resolve "^5.8.3"
+    enhanced-resolve "^5.9.2"
     es-module-lexer "^0.9.0"
     eslint-scope "5.1.1"
     events "^3.2.0"