Find and replace strings in Excel (.xlsx) using Python

Question

I am trying to replace a bunch of strings in an .xlsx sheet (~70k rows, 38 columns). I have a list of the strings to be searched and replaced in a file, formatted as below:-

Answer 1

Similar idea to @coder_A 's, but use a dictionary to do the "translation" for you, where the keys are the original words and the value for each key is what it gets translated to.