diff --git a/package.json b/package.json
index 639a5a2..d4c6f97 100644
--- a/package.json
+++ b/package.json
@@ -17,12 +17,15 @@
     "node": ">= 18.12.0"
   },
   "scripts": {
-    "start": "npm run build -- -w",
+    "start": "npm-run-all -p \"watch:**\"",
     "clean": "del-cli dist types",
     "prebuild": "npm run clean",
-    "build:types": "tsc --declaration --emitDeclarationOnly && prettier \"types/**/*.ts\" --write",
+    "build:types": "tsc --declaration --emitDeclarationOnly",
+    "postbuild:types": "prettier \"types/**/*.ts\" --write",
     "build:code": "cross-env NODE_ENV=production babel src -d dist --copy-files",
     "build": "npm-run-all -p \"build:**\"",
+    "watch:types": "npm run build:types -- -w",
+    "watch:code": "npm run build:code -- -w",
     "commitlint": "commitlint --from=master",
     "security": "npm audit --production",
     "lint:prettier": "prettier --cache --list-different .",
diff --git a/src/index.js b/src/index.js
index 241d8f2..27474f6 100644
--- a/src/index.js
+++ b/src/index.js
@@ -281,8 +281,18 @@ class ImageMinimizerPlugin {
              * @returns {Promise<Task<Z>>}
              */
             const getFromCache = async (transformer) => {
-              const cacheName = getSerializeJavascript()({ name, transformer });
               const eTag = cache.getLazyHashedEtag(source);
+              const cacheName = getSerializeJavascript()({
+                eTag: eTag.toString(),
+                transformer: (Array.isArray(transformer)
+                  ? transformer
+                  : [transformer]
+                ).map(({ implementation, options }) => ({
+                  implementation,
+                  options,
+                })),
+              });
+
               const cacheItem = cache.getItemCache(cacheName, eTag);
               const output = await cacheItem.getPromise();
 
@@ -338,6 +348,9 @@ class ImageMinimizerPlugin {
 
       const sourceFromInputSource = inputSource.source();
 
+      const pluginName = this.constructor.name;
+      const logger = compilation.getLogger(pluginName);
+
       if (!output) {
         input = sourceFromInputSource;
 
@@ -356,16 +369,19 @@ class ImageMinimizerPlugin {
             generateFilename: compilation.getAssetPath.bind(compilation),
           });
 
-        output = await worker(minifyOptions);
+        output = await cacheItem.providePromise(async () => {
+          logger.debug(`optimize cache miss: ${name}`);
 
-        output.source = new RawSource(output.data);
+          const result = await worker(minifyOptions);
 
-        await cacheItem.storePromise({
-          source: output.source,
-          info: output.info,
-          filename: output.filename,
-          warnings: output.warnings,
-          errors: output.errors,
+          return {
+            data: result.data,
+            source: new RawSource(result.data),
+            info: result.info,
+            filename: result.filename,
+            warnings: result.warnings,
+            errors: result.errors,
+          };
         });
       }
 
diff --git a/src/loader.js b/src/loader.js
index 94453a4..c734ea4 100644
--- a/src/loader.js
+++ b/src/loader.js
@@ -6,7 +6,9 @@ const {
   IMAGE_MINIMIZER_PLUGIN_INFO_MAPPINGS,
   ABSOLUTE_URL_REGEX,
   WINDOWS_PATH_REGEX,
+  memoize,
 } = require("./utils.js");
+const getSerializeJavascript = memoize(() => require("serialize-javascript"));
 
 /** @typedef {import("schema-utils/declarations/validate").Schema} Schema */
 /** @typedef {import("webpack").Compilation} Compilation */
@@ -210,18 +212,42 @@ async function loader(content) {
       ? this.resourcePath
       : path.relative(this.rootContext, this.resourcePath);
 
-  const minifyOptions =
-    /** @type {import("./index").InternalWorkerOptions<T>} */ ({
-      input: content,
-      filename,
-      severityError,
-      transformer,
-      generateFilename:
-        /** @type {Compilation} */
-        (this._compilation).getAssetPath.bind(this._compilation),
-    });
-
-  const output = await worker(minifyOptions);
+  if (!this._compilation || !this._compiler) {
+    callback(new Error("_compilation and/or _compiler unavailable"));
+    return;
+  }
+
+  const logger = this._compilation.getLogger("ImageMinimizerPlugin");
+  const cache = this._compilation.getCache("ImageMinimizerWebpackPlugin");
+
+  const { RawSource } = this._compiler.webpack.sources;
+  const eTag = cache.getLazyHashedEtag(new RawSource(content));
+  const cacheName = getSerializeJavascript()({
+    eTag: eTag.toString(),
+    transformer: (Array.isArray(transformer) ? transformer : [transformer]).map(
+      (each) => ({
+        implementation: each.implementation,
+        options: each.options,
+      }),
+    ),
+  });
+  const cacheItem = cache.getItemCache(cacheName, eTag);
+  const output = await cacheItem.providePromise(() => {
+    const minifyOptions =
+      /** @type {import("./index").InternalWorkerOptions<T>} */ ({
+        input: content,
+        filename,
+        severityError,
+        transformer,
+        generateFilename:
+          /** @type {Compilation} */
+          (this._compilation).getAssetPath.bind(this._compilation),
+      });
+
+    logger.debug(`loader cache miss: ${filename}`);
+
+    return worker(minifyOptions);
+  });
 
   if (output.errors && output.errors.length > 0) {
     for (const error of output.errors) {