Is your feature request related to a problem? Please describe.

The current react-scripts dependency (v3.4.3) is causing 2 high severity warnings

Describe the solution you'd like

Update react-scripts dependency from 3.4.3 to 4.0.3. Note: this install involves potential breaking changes.
While on it, fix other vulnerability warnings as well.

Describe alternatives you've considered

Ignore warnings if they don't causing major issue

Additional context

These warnings were caught on the initial dependencies installation of a newly cloned project.
Here's the gist of npm audit reports.