diff --git a/CHANGELOG.md b/CHANGELOG.md
index 847b2b9..a800546 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,7 @@
 * Add postcss-plugin for relative color syntax support for Firefox. Refs STRWEB-103.
 * Lock `favicons` to `7.1.4` due to build failures. Refs STRWEB-105.
 * Update `typescript` from `^4.2.4` to `^5.3.3`. Refs STRWEB-104.
+* Resolve issue with favicon referencing by removing `speed-measurer-webpack-plugin` and its wrapping of other webpack plugins. Refs STRWEB-108.
 
 ## [5.0.0](https://github.com/folio-org/stripes-webpack/tree/v5.0.0) (2023-10-11)
 [Full Changelog](https://github.com/folio-org/stripes-webpack/compare/v4.2.0...v5.0.0)
diff --git a/package.json b/package.json
index e170125..9eef1c4 100644
--- a/package.json
+++ b/package.json
@@ -70,7 +70,6 @@
     "semver": "^7.1.3",
     "serialize-javascript": "^5.0.0",
     "source-map-loader": "^4.0.0",
-    "speed-measure-webpack-plugin": "^1.5.0",
     "stream-browserify": "^3.0.0",
     "style-loader": "^3.3.0",
     "tapable": "^1.0.0",
diff --git a/webpack.config.cli.prod.js b/webpack.config.cli.prod.js
index c33f553..ef1b3b3 100644
--- a/webpack.config.cli.prod.js
+++ b/webpack.config.cli.prod.js
@@ -4,7 +4,6 @@
 const webpack = require('webpack');
 const MiniCssExtractPlugin = require('mini-css-extract-plugin');
 const { EsbuildPlugin } = require('esbuild-loader');
-const SpeedMeasurePlugin = require('speed-measure-webpack-plugin');
 const buildBaseConfig = require('./webpack.config.base');
 
 const cli = require('./webpack.config.cli');
@@ -27,7 +26,6 @@ const buildConfig = (stripesConfig) => {
 
   const transpiledModules = getTranspiledModules(allModulePaths);
   const transpiledModulesRegex = new RegExp(transpiledModules.join('|'));
-  const smp = new SpeedMeasurePlugin();
 
   prodConfig.plugins = prodConfig.plugins.concat([
     new webpack.ProvidePlugin({
@@ -61,12 +59,11 @@ const buildConfig = (stripesConfig) => {
 
   prodConfig.module.rules.push(esbuildLoaderRule(allModulePaths));
 
-  const webpackConfig = smp.wrap({ plugins: prodConfig.plugins });
-  webpackConfig.plugins.push(
+  prodConfig.plugins.push(
     new MiniCssExtractPlugin({ filename: 'style.[contenthash].css' })
   );
 
-  return { ...prodConfig, ...webpackConfig };
+  return prodConfig;
 };
 
 module.exports = buildConfig;