diff --git a/CHANGELOG.md b/CHANGELOG.md
index 783f2d54..9a1969c5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 ## Change log
 
+### Version: 3.18.1
+#### Date: January-30-2024
+##### New Features:
+ - added fix for `ESM module cannot use module.exports` issue
 ### Version: 3.18.0
 #### Date: January-15-2024
 ##### New Features:
diff --git a/package-lock.json b/package-lock.json
index 8757b21a..ea6092f3 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "contentstack",
-  "version": "3.18.0",
+  "version": "3.18.1",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "contentstack",
-      "version": "3.18.0",
+      "version": "3.18.1",
       "license": "MIT",
       "dependencies": {
         "@contentstack/utils": "^1.2.0",
diff --git a/package.json b/package.json
index f6c8759f..280d1dff 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "contentstack",
-  "version": "3.18.0",
+  "version": "3.18.1",
   "description": "Contentstack Javascript SDK",
   "homepage": "https://www.contentstack.com/",
   "author": {
diff --git a/webpack/webpack.web.js b/webpack/webpack.web.js
index f2deb532..23628b50 100755
--- a/webpack/webpack.web.js
+++ b/webpack/webpack.web.js
@@ -28,13 +28,23 @@ module.exports = function(options) {
             rules: [{
                 test: /\.js?$/,
                 exclude: '/node_modules/',
-                use: [{
-                    loader: 'string-replace-loader',
-                    options: {
-                        search: '{{PLATFORM}}',
-                        replace: 'web'
+                use: [
+                    {
+                        loader: 'babel-loader',
+                        options: {
+                            presets: [['@babel/preset-env', {
+                                modules: "commonjs"
+                            }]],
+                        }
+                    },
+                    {
+                        loader: 'string-replace-loader',
+                        options: {
+                            search: '{{PLATFORM}}',
+                            replace: 'web'
+                        }
                     }
-                }],
+                ],
             }]
         },
         node: {