web build warnings about size

Should I be concerned about these warnings? I am not even sure how to address.

 web  Compiled with warnings.

asset size limit: The following asset(s) exceed the recommended size limit (586 KiB).
This can impact web performance.
  static/js/2.f6171012.chunk.js (1.86 MiB)

entrypoint size limit: The following entrypoint(s) combined asset size exceeds the recommended limit (586 KiB). This can impact web performance.
  app (2.04 MiB)

webpack performance recommendations: 
You can limit the size of your bundles by using import() or require.ensure to lazy load some parts of your application.
For more info visit https://webpack.js.org/guides/code-splitting/

Any Idea ?

I am also running into issues where my bundle size is way too high, forcing my page to take forever to load. Any advice on how to reduce it?

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