diff --git a/.parcelrc b/.parcelrc
index b235e288c..1673ea43f 100644
--- a/.parcelrc
+++ b/.parcelrc
@@ -1,6 +1,5 @@
 {
   "extends": ["@parcel/config-default"],
-  "bundler": "@parcel/bundler-experimental",
   "reporters": ["...", "@parcel/reporter-bundle-analyzer"],
   "resolvers": ["parcel-resolver-ignore", "parcel-resolver-veda", "@parcel/resolver-glob", "..."],
   "transformers": {
diff --git a/.parcelrc-lib b/.parcelrc-lib
new file mode 100644
index 000000000..d8ad865bf
--- /dev/null
+++ b/.parcelrc-lib
@@ -0,0 +1,4 @@
+{
+  "extends": ["./.parcelrc"],
+  "resolvers": ["parcel-resolver-alias", "..."]
+}
diff --git a/package.json b/package.json
index 24696f78d..7eff907a5 100644
--- a/package.json
+++ b/package.json
@@ -19,8 +19,8 @@
   "scripts": {
     "serve": "NODE_ENV=development gulp serve",
     "build": "NODE_ENV=production gulp",
-    "buildlib": "gulp clean && parcel build 'app/scripts/index.ts' --dist-dir='lib'",
-    "stage": "NODE_ENV=staging gulp",
+    "buildlib": "gulp clean && parcel build 'app/scripts/index.ts' --dist-dir='lib' --config '.parcelrc-lib'",
+    "stage": "yarn buildlib && NODE_ENV=staging gulp",
     "clean": "gulp clean",
     "lint": "yarn lint:scripts && yarn lint:css",
     "lint:scripts": "eslint app/scripts/",
@@ -45,15 +45,14 @@
     "@babel/preset-react": "^7.16.0",
     "@babel/preset-typescript": "^7.18.6",
     "@mdx-js/mdx": "^2.0.0",
-    "@parcel/bundler-experimental": "^2.7.0",
     "@parcel/packager-raw-url": "2.7.0",
-    "@parcel/packager-ts": "2.7.0",
+    "@parcel/packager-ts": "2.12.0",
     "@parcel/reporter-bundle-analyzer": "^2.0.0",
     "@parcel/reporter-bundle-buddy": "^2.0.0",
     "@parcel/resolver-glob": "^2.0.1",
     "@parcel/transformer-mdx": "^2.0.1",
     "@parcel/transformer-sass": "2.7.0",
-    "@parcel/transformer-typescript-types": "2.7.0",
+    "@parcel/transformer-typescript-types": "2.12.0",
     "@parcel/transformer-webmanifest": "2.7.0",
     "@testing-library/jest-dom": "^5.16.2",
     "@testing-library/react": "^12.1.2",
@@ -88,6 +87,7 @@
     "lint-staged": "14.0.1",
     "parcel": "^2.12.0",
     "parcel-resolver-ignore": "^2.1.3",
+    "parcel-resolver-alias": "link:./parcel-resolver-alias",
     "parcel-resolver-veda": "link:./parcel-resolver-veda",
     "parcel-transformer-mdx": "link:./parcel-transformer-mdx",
     "parcel-transformer-mdx-frontmatter": "link:./parcel-transformer-mdx-frontmatter",
diff --git a/parcel-resolver-alias/index.js b/parcel-resolver-alias/index.js
new file mode 100644
index 000000000..032039f51
--- /dev/null
+++ b/parcel-resolver-alias/index.js
@@ -0,0 +1,60 @@
+// Resolver for resolving aliases in library building
+// Related issue in Parcel repo: https://github.com/parcel-bundler/parcel/issues/9519
+
+const path = require('path');
+const fs = require('fs-extra');
+const { Resolver } = require('@parcel/plugin');
+const { alias } = require('../package.json');
+
+const aliases = Object.keys(alias).reduce((acc, key) => {
+  const value = alias[key].replace('~', '');
+  acc[`${key}`] = `${value}`;
+  return acc;
+}, {});
+
+// Files with redundant extensions ex. $components/panel (components/panel.d.ts.ts)
+const fileExtensions = ['.js', '.ts', '.jsx', '.tsx'];
+// Index files with a trailing slash ex. $components/panel/ (components/panel/index.jsx)
+const indexFileExtensions = fileExtensions.map((e) => `index${e}`);
+// Index files without a trailing slash ex. $components/panel (components/panel/index.jsx)
+const pathIndexExtensions = fileExtensions.map((e) => `/index${e}`);
+
+function findMatchingFile(filePath) {
+  const filePathParts = filePath.split('/');
+  const fileName = filePathParts[filePathParts.length - 1];
+  // Files ex. $components/panel.jsx or $components/panel.css
+  if (fileName.includes('.')) {
+    if (fs.existsSync(filePath)) return filePath;
+  }
+
+  for (const extension of [
+    ...fileExtensions,
+    ...indexFileExtensions,
+    ...pathIndexExtensions
+  ]) {
+    if (fs.existsSync(`${filePath}${extension}`))
+      return `${filePath}${extension}`;
+  }
+
+  return null;
+}
+
+module.exports = new Resolver({
+  async resolve({ specifier }) {
+    let toReturn;
+    for (let aliasKey in aliases) {
+      if (specifier.startsWith(aliasKey)) {
+        const replaced = specifier.replace(aliasKey, aliases[aliasKey]);
+        const rPath = path.join(__dirname, '..', replaced);
+        const fileP = findMatchingFile(rPath);
+        toReturn = {
+          filePath: fileP
+        };
+        break;
+      }
+    }
+    if (toReturn) return toReturn;
+    // Let the next resolver in the pipeline handle this dependency
+    else return null;
+  }
+});
diff --git a/yarn.lock b/yarn.lock
index 401fdab8a..6bc8248aa 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2952,12 +2952,12 @@
     "@parcel/utils" "2.12.0"
     posthtml "^0.16.4"
 
-"@parcel/packager-ts@2.7.0":
-  version "2.7.0"
-  resolved "http://verdaccio.ds.io:4873/@parcel%2fpackager-ts/-/packager-ts-2.7.0.tgz#631c3918fe475a1f69fc82628bebe99d73bae921"
-  integrity sha512-XT46njOHQCYmubQRbtjQOLT9RbXgxQ8aTxCOeO9jEay6snDnY6k+HdMXHAD6qZNyVgm85HJzjmDFDUeJQt9LKw==
+"@parcel/packager-ts@2.12.0":
+  version "2.12.0"
+  resolved "http://verdaccio.ds.io:4873/@parcel%2fpackager-ts/-/packager-ts-2.12.0.tgz#7422c07ff3a327fdb592f6d707d31bc146590a17"
+  integrity sha512-8wR0BNN2NBD+IIU0tjioK+lRD4p2Qi/fKxDH5ixEW912tRV+Vd4kE8k++U6YQIpSlK4FRnjFod5zYYhNSLuiXg==
   dependencies:
-    "@parcel/plugin" "2.7.0"
+    "@parcel/plugin" "2.12.0"
 
 "@parcel/packager-wasm@2.12.0":
   version "2.12.0"
@@ -3274,16 +3274,16 @@
     posthtml-render "^3.0.0"
     semver "^7.5.2"
 
-"@parcel/transformer-typescript-types@2.7.0":
-  version "2.7.0"
-  resolved "http://verdaccio.ds.io:4873/@parcel%2ftransformer-typescript-types/-/transformer-typescript-types-2.7.0.tgz#a3e35c1f5030ce772d82d6ae18311dfab36d96b4"
-  integrity sha512-7eZFJH+0ZOZoh+4ZUKVnP79LI8h45hGAAqCI1UG8l7ZEf6q9yy8lwF9cREu4dUih70TDUHnHkxoNHfZWOjkDSg==
+"@parcel/transformer-typescript-types@2.12.0":
+  version "2.12.0"
+  resolved "http://verdaccio.ds.io:4873/@parcel%2ftransformer-typescript-types/-/transformer-typescript-types-2.12.0.tgz#63e3fc4d1c5d61e1d3a2d56ff58454cf58b514ca"
+  integrity sha512-uxF4UBMYvbjiV3zHTWMrZX8cFD92VUvD3ArcGi5WEtuVROUm9Sc47o0mOzxKfMFlJu2KOfZVHYlzK9f/UKA2kQ==
   dependencies:
-    "@parcel/diagnostic" "2.7.0"
-    "@parcel/plugin" "2.7.0"
-    "@parcel/source-map" "^2.0.0"
-    "@parcel/ts-utils" "2.7.0"
-    "@parcel/utils" "2.7.0"
+    "@parcel/diagnostic" "2.12.0"
+    "@parcel/plugin" "2.12.0"
+    "@parcel/source-map" "^2.1.1"
+    "@parcel/ts-utils" "2.12.0"
+    "@parcel/utils" "2.12.0"
     nullthrows "^1.1.1"
 
 "@parcel/transformer-webmanifest@2.7.0":
@@ -3296,10 +3296,10 @@
     "@parcel/plugin" "2.7.0"
     "@parcel/utils" "2.7.0"
 
-"@parcel/ts-utils@2.7.0":
-  version "2.7.0"
-  resolved "http://verdaccio.ds.io:4873/@parcel%2fts-utils/-/ts-utils-2.7.0.tgz#b5abe7eb5f977c238e11178bbf9a481481d60d1e"
-  integrity sha512-hxgWu9p9+zo9OvllYy12DRrAEyAGGLQysI6PyNvYvsZSmb7sQg9YQ7spD1QmWIQUC1H6BkyzQsowpK0hvPK1xg==
+"@parcel/ts-utils@2.12.0":
+  version "2.12.0"
+  resolved "http://verdaccio.ds.io:4873/@parcel%2fts-utils/-/ts-utils-2.12.0.tgz#47878a6f3baff77d2fa6f9878fe235c9c5d75da8"
+  integrity sha512-zou+W6dcqnXXUOfN5zGM+ePIWbYOhGp8bVB2jICoNkoKmNAHd4l4zeHl5yQXnbZfynVw88cZVqxtXS8tYebelg==
   dependencies:
     nullthrows "^1.1.1"
 
@@ -11776,6 +11776,10 @@ papaparse@^5.3.2:
   resolved "http://verdaccio.ds.io:4873/papaparse/-/papaparse-5.3.2.tgz#d1abed498a0ee299f103130a6109720404fbd467"
   integrity sha512-6dNZu0Ki+gyV0eBsFKJhYr+MdQYAzFUGlBMNj3GNrmHxmz1lfRa24CjFObPXtjcetlOv5Ad299MhIK0znp3afw==
 
+"parcel-resolver-alias@link:./parcel-resolver-alias":
+  version "0.0.0"
+  uid ""
+
 parcel-resolver-ignore@^2.1.3:
   version "2.1.3"
   resolved "http://verdaccio.ds.io:4873/parcel-resolver-ignore/-/parcel-resolver-ignore-2.1.3.tgz#869673c40ccab1985af74020cd28b360b149155f"