diff --git a/crates/turbopack-ecmascript/src/parse.rs b/crates/turbopack-ecmascript/src/parse.rs
index 84dadad3e4c8f..cd86c0e2c7265 100644
--- a/crates/turbopack-ecmascript/src/parse.rs
+++ b/crates/turbopack-ecmascript/src/parse.rs
@@ -27,6 +27,8 @@ use turbo_tasks_fs::{FileContent, FileSystemPath, FileSystemPathVc};
 use turbo_tasks_hash::hash_xxh3_hash64;
 use turbopack_core::{
     asset::{Asset, AssetContent, AssetVc},
+    error::PrettyPrintError,
+    issue::{Issue, IssueSeverity, IssueSeverityVc, IssueVc},
     source_map::{GenerateSourceMap, GenerateSourceMapVc, OptionSourceMapVc},
     SOURCE_MAP_ROOT_NAME,
 };
@@ -140,6 +142,20 @@ pub async fn parse(
     source: AssetVc,
     ty: Value<EcmascriptModuleAssetType>,
     transforms: EcmascriptInputTransformsVc,
+) -> Result<ParseResultVc> {
+    match parse_internal(source, ty, transforms).await {
+        Ok(result) => Ok(result),
+        Err(error) => Err(error.context(format!(
+            "failed to parse {}",
+            source.ident().to_string().await?
+        ))),
+    }
+}
+
+async fn parse_internal(
+    source: AssetVc,
+    ty: Value<EcmascriptModuleAssetType>,
+    transforms: EcmascriptInputTransformsVc,
 ) -> Result<ParseResultVc> {
     let content = source.content();
     let fs_path_vc = source.ident().path();
@@ -147,7 +163,20 @@ pub async fn parse(
     let ident = &*source.ident().to_string().await?;
     let file_path_hash = *hash_ident(source.ident().to_string()).await? as u128;
     let ty = ty.into_value();
-    Ok(match &*content.await? {
+    let content = match content.await {
+        Ok(content) => content,
+        Err(error) => {
+            ReadSourceIssue {
+                source,
+                error: PrettyPrintError(&error).to_string(),
+            }
+            .cell()
+            .as_issue()
+            .emit();
+            return Ok(ParseResult::Unparseable.cell());
+        }
+    };
+    Ok(match &*content {
         AssetContent::File(file) => match &*file.await? {
             FileContent::NotFound => ParseResult::NotFound.cell(),
             FileContent::Content(file) => match file.content().to_str() {
@@ -174,8 +203,16 @@ pub async fn parse(
                         }
                     }
                 }
-                // FIXME: report error
-                Err(_) => ParseResult::Unparseable.cell(),
+                Err(error) => {
+                    ReadSourceIssue {
+                        source,
+                        error: PrettyPrintError(&error).to_string(),
+                    }
+                    .cell()
+                    .as_issue()
+                    .emit();
+                    ParseResult::Unparseable.cell()
+                }
             },
         },
         AssetContent::Redirect { .. } => ParseResult::Unparseable.cell(),
@@ -339,3 +376,43 @@ async fn hash_ident(ident: StringVc) -> Result<U64Vc> {
     let ident = &*ident.await?;
     Ok(U64Vc::cell(hash_xxh3_hash64(ident)))
 }
+
+#[turbo_tasks::value]
+struct ReadSourceIssue {
+    source: AssetVc,
+    error: String,
+}
+
+#[turbo_tasks::value_impl]
+impl Issue for ReadSourceIssue {
+    #[turbo_tasks::function]
+    fn context(&self) -> FileSystemPathVc {
+        self.source.ident().path()
+    }
+
+    #[turbo_tasks::function]
+    fn title(&self) -> StringVc {
+        StringVc::cell("Reading source code for parsing failed".to_string())
+    }
+
+    #[turbo_tasks::function]
+    fn description(&self) -> StringVc {
+        StringVc::cell(
+            format!(
+                "An unexpected error happened while trying to read the source code to parse: {}",
+                self.error
+            )
+            .into(),
+        )
+    }
+
+    #[turbo_tasks::function]
+    fn severity(&self) -> IssueSeverityVc {
+        IssueSeverity::Error.cell()
+    }
+
+    #[turbo_tasks::function]
+    fn category(&self) -> StringVc {
+        StringVc::cell("parse".to_string())
+    }
+}
diff --git a/crates/turbopack-image/src/process/mod.rs b/crates/turbopack-image/src/process/mod.rs
index 2481a5529be0d..8747bc8b3556d 100644
--- a/crates/turbopack-image/src/process/mod.rs
+++ b/crates/turbopack-image/src/process/mod.rs
@@ -33,6 +33,18 @@ pub struct BlurPlaceholder {
     pub height: u32,
 }
 
+impl BlurPlaceholder {
+    pub fn fallback() -> Self {
+        BlurPlaceholder {
+            data_url: "data:image/gif;base64,R0lGODlhAQABAIAAAP///\
+                       wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw=="
+                .to_string(),
+            width: 1,
+            height: 1,
+        }
+    }
+}
+
 /// Gathered meta information about an image.
 #[serde_as]
 #[turbo_tasks::value]
@@ -47,6 +59,18 @@ pub struct ImageMetaData {
     placeholder_for_future_extensions: (),
 }
 
+impl ImageMetaData {
+    pub fn fallback_value(mime_type: Option<Mime>) -> Self {
+        ImageMetaData {
+            width: 100,
+            height: 100,
+            mime_type,
+            blur_placeholder: Some(BlurPlaceholder::fallback()),
+            placeholder_for_future_extensions: (),
+        }
+    }
+}
+
 /// Options for generating a blur placeholder.
 #[turbo_tasks::value(shared)]
 pub struct BlurPlaceholderOptions {
@@ -138,7 +162,7 @@ fn compute_blur_data(
             .cell()
             .as_issue()
             .emit();
-            None
+            Some(BlurPlaceholder::fallback())
         }
     }
 }
@@ -253,9 +277,20 @@ pub async fn get_meta_data(
     let path = ident.path().await?;
     let extension = path.extension();
     if extension == Some("svg") {
-        let content = std::str::from_utf8(&bytes).context("Input image is not valid utf-8")?;
-        let (width, height) =
-            calculate(content).context("Failed to parse svg source code for image dimensions")?;
+        let content = result_to_issue(
+            ident,
+            std::str::from_utf8(&bytes).context("Input image is not valid utf-8"),
+        );
+        let Some(content) = content else {
+            return Ok(ImageMetaData::fallback_value(Some(mime::IMAGE_SVG)).cell());
+        };
+        let info = result_to_issue(
+            ident,
+            calculate(content).context("Failed to parse svg source code for image dimensions"),
+        );
+        let Some((width, height)) = info else {
+            return Ok(ImageMetaData::fallback_value(Some(mime::IMAGE_SVG)).cell());
+        };
         return Ok(ImageMetaData {
             width,
             height,
@@ -266,7 +301,7 @@ pub async fn get_meta_data(
         .cell());
     }
     let Some((image, format)) = load_image(ident, &bytes, extension) else {
-        return Ok(ImageMetaData::default().cell());
+        return Ok(ImageMetaData::fallback_value(None).cell());
     };
     let (width, height) = image.dimensions();
     let blur_placeholder = if let Some(blur_placeholder) = blur_placeholder {