Nobody can say with any real certainty how widespread the coronavirus outbreak will become or what overall or long-term impact it will have on market economies and global trade. Surrounded by such uncertainties, the pandemic has quickly catapulted high on the list of hot risk topics for business leaders everywhere.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...